BUENOS AIRES: Argentina’s Compania General de Combustibles SA has acquired the local unit of China Petroleum & Chemical Corp, turning the billionaire-owned driller into a top-five oil and gas producer in the South American country.
CGC, majority owned by billionaire Eduardo Eurnekian’s Corp America International, closed the deal for Sinopec Argentina Exploration and Production, the Buenos Aires-based company said in a statement.
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