Reuters quoted a source with knowledge of the matter said Sinochem Corp has won the bidding for a roughly USD 3 billion stake in a Statoil offshore oil field in Brazil marking China second major oil and gas deal in Latin America since March.

Sources previously said the price being paid by Sinochem for the stake is not yet clear, though with several other major bidders taking part in the auction Statoil likely got a full price. China CNOOC and Sinopec also bid for the stake

Mr Li Qiang Sinochem news official declined to comment but said that they will issue statement to the stock exchange when they have news to disclose. Statoil declined to comment.

(Sourced from Reuters)