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REUTERS SUMMIT-REPSOL SINOPEC WILL NOT BID IN BRAZIL'S 14TH OIL BLOCK AUCTION IN SEPTEMBER BUT IS STUDYING OCTOBER PRE-SALT AUCTION FOR POSSIBLE PARTICIPATION - CEO

REUTERS SUMMIT-REPSOL SINOPEC WILL NOT BID IN BRAZIL'S 14TH OIL BLOCK AUCTION IN SEPTEMBER BUT IS STUDYING OCTOBER PRE-SALT AUCTION FOR POSSIBLE PARTICIPATION - CEO