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Montevideo, September 21st 2023 - 10:34 UTC

Tag: Caixin

  • Tuesday, October 10th 2017 - 16:37 UTC

    China's Sinopec considering selling assets in Santa Cruz, Argentina

    The 2010 acquisition marked Sinopec’s entry into Argentina when Chinese companies were looking to buy assets abroad to offset domestic production declines

    Argentina’s losses on its oil and gas assets, as well as its labor disputes, have prompted China’s Sinopec to consider selling its operations in the country. Sinopec advisors have offered up some of its assets to about a dozen large firms from the U.S., Latin America, Europe, Africa, and Russia, it was reported on Monday and confirmed in Beijing media.