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Argentine's Energy Producers To Sell Assets To China

Argentine energy producer Bridas Corp. is selling oil and gas assets to China National Petroleum for $5 billion

Argentine energy producer Bridas Corp. is selling oil and gas assets to China National Petroleum for $5 billion.

Bridas, with oil and gas interests in Latin America and Central Asia, holds a 40% stake in Pan American Energy, Argentina's second-largest oil and gas producer.

The British oil concern BP owns the remaining 60% of Pan American.