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China Oil Buys LatAm Beachhead

Mar 15, 2010

CNOOC, China’s largest offshore crude oil and natural gas producer, is to pay approximately $3.1bn cash for a 50% stake in a joint venture with Bridas Energy Holdings (BEH). Bridas, through affiliates including a 40% interest in Pan American Energy, has oil and gas exploration and production activities in Argentina, Bolivia and Chile. “Bridas, with...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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