CNOOC to acquire 50% stake in Bridas Corp
China National Offshore Oil Corporation (CNOOC) has announced it is to buy a 50% stake in Argentine oil and gas group, Bridas Corporation, for $3.1 billion (£2 billion). The latest purchase by CNOOC takes the energy acquisitions by Chinese companies to around US$13 billion since December 2008. Bridas, which has oil exploration and production operations in
Original Source of CNOOC to acquire 50% stake in Bridas Corp
