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China Boosts Argentina Oil Holding

Nov 29, 2010

Argentina-based Bridas, which is 50% owned by China’s CNOOC, is paying $7.06bn in cash for BP’s 60% stake in Pan American Energy (PAE), excluding its Bolivia assets. “After the transaction and with the world-class oil and gas asset portfolio and existing excellent management team of PAE, we’ll be able to enhance our presence in the region,...

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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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