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A Dubai-based oil trader has found a foothold in Africa’s oil marketing space with the acquisition of 40 per cent stake in Hass Petroleum Group.
Oman Trading Company (OTC), which has been making inroads in the US and Africa market, said yesterday the acquisition would give it strategic access to expand in eastern and central Africa as well as in the Horn of Africa. Hass Petroleum Group, headquartered in Nairobi, has subsidiaries across Uganda, North Eastern, DRC and South Sudan.
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