London — Mining and trading company Glencore has put its oilfields in Chad up for sale, three sources familiar with the matter said, in a retreat from its foray into oil production following asset writedowns over the past decade. 

Like its oil trading peers, Glencore expanded in the upstream sector about a decade ago in order to secure oil flows, but the value of the assets tumbled with the oil price slump in late 2014.

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