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Apache Completes Sale of Oil Production Interest in China

Source: www.gulfoilandgas.com 8/8/2006, Location: Asia

Apache Corporation has completed the previously announced sale of its 24.5 percent interest in China's producing Zhao Dong block to Australia-based ROC Oil Company Limited for US$260 million.

Proceeds from the sale will be used to fund operations. The effective date of the transaction was July 1, 2006.

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