LONDON - Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland, Chancellor George Osborne said, admitting the re-privatisation of RBS remains a long way off. | Video
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Sinopec close to buying Total Nigeria stakes: report
PARIS (Reuters) - China's Sinopec (600028.SS) is close to buying stakes in Nigerian onshore oil blocks from French oil major Total (TOTF.PA) worth about $2.4 billion, the Bloomberg news agency reported on Tuesday, citing two people familiar with the matter.
Asia's largest refiner has signed a preliminary deal to acquire the stakes, the report said without providing more details.
Contacted by Reuters, a spokesman for Total declined to comment on the report. The Nigerian National Petroleum Corp (NNPC) was not immediately available for comment.
The French group said in September it planned to sell assets worth between $15 billion and $20 billion in the period up to 2014 as part of a bolder approach to managing its business, which has seen it buy and sell assets more frequently.
Total shares were little changed, trading down 0.06 percent by 1450 GMT while the European oil and gas sector edged 0.07 percent up. (Reporting by Muriel Boselli and Joe Brock; editing by James Jukwey)
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