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. Last Updated: 07/27/2016

Cosmopolitan’s Oil Fields

HONG KONG — Cosmopolitan International Holdings, a Hong Kong company that invests in properties, said Tuesday that a unit agreed to acquire a majority interest in a group of companies that owns oil fields in Russia.

The proposed acquisition will give it access to oil fields with proven and probable oil and gas reserves of 1.4 billion barrels of oil equivalent in the West Siberian basin in Russia, the company said in a statement.

(Bloomberg)