Chinese company takes over Occidental petroleum assets in Argentina

Saturday, December 11th 2010 - 00:28 UTC

Full article 3 comments

China Petrochemical Corp, parent of Sinopec Corp, agreed to buy all of US-based Occidental Petroleum Corp's oil and gas assets in Argentina for 2.45 billion US dollars, marking the energy giant's first foray into the upstream market in Argentina. Read full article

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xbarilox
They are taking over Argentine soil. Full stop. It will be nice to see our Patagonia populated by millions of Chinese eyes :)
Dec 11th, 2010 - 02:08 am - Link - Report abuse 0
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fredbdc
This is very bad news for Argentina. Neither China nor Argentina respect the rule of law. China is much larger, richer and more powerful than Argentina. China has very little to no hydrocarbons, with their recent purchases they now own/control great swaths of Argentina's reserves. It is a recipe for disaster. In the end Argentina will lose to the mighty Chinese. I would be very very concerned if I was an Argentinian, thank goodness I am not!
Dec 11th, 2010 - 12:44 pm - Link - Report abuse 0
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xbarilox
fredbdc the Latino Americano who feels happy thinking about Argentina being destroyed. You are living a really crappy life, fred always gravitating around Argentina :)
Dec 11th, 2010 - 02:30 pm - Link - Report abuse 0
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