China's state-owned energy company CNOOC is to take a 50 per cent stake in Argentina's Bridasin a $3.1bn deal that marks the latest move by Beijing to secure energy resources to power its fast-growing economy.
Yang Hua, CNOOC president, said yesterday that Bridas had world-class oil and gas assets and was a “good beachhead for us to enter Latin America”.
The deal will make CNOOC a partner of Britain's BP in Pan American Energy, a joint venture with coveted oil and gas exploration and production activities across Latin America and in which Bridas has a 40 per cent stake.
您已閱讀30%（574字），剩余70%（1356字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。