Chevron was approached on its Angola holdings.
Five foreign oil firms reportedly are interested in buying San Francisco-based Chevron’s controversial oil holdings in the Marxist-oriented nation. They were identified as British Petroleum, Royal Dutch Shell Group and companies in France, Spain and Brazil. Chevron has indicated its interest in selling up to 20% of its Angola holdings as part of its corporate restructuring. But the Reagan Administration has indirectly suggested that it would favor the total withdrawal of U.S. oil companies from Angola.
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