China Sinopec completes take over of US Occidental Petroleum assets in Argentina

Friday, February 25th 2011 - 21:29 UTC

Full article 3 comments

China Petrochemical Group (Sinopec), China's largest oil refiner announced this week that U.S. Occidental Petroleum Corp. (NYSE:OXY) had completed handing over its Argentinean assets to it. Read full article

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Redhoyt
So Cristina is aiming trade restrictions at the Chinese while the Chinese are buying up the oil assets .... could be interesting.
Feb 26th, 2011 - 01:29 am - Link - Report abuse 0
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xbarilox
Angry at Chinese friends? Redhoe? hahaha
Feb 26th, 2011 - 03:02 am - Link - Report abuse 0
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GeoffWard
So Occidental (S.A.) follows the Spanish oil company (40% buy-in) . The latest in a long chain.

China is buying into nation's base assets and exploitation capability so fast and so deeply that it will soon be the case that raw materials will only be won with the agreement of China!

Protection of independent nationhood will become the key political ambition in the very near future.
Feb 26th, 2011 - 11:20 am - Link - Report abuse 0
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