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Sinopec 2.45 billion U.S. oil company completed the acquisition of assets in Argentina

Date: 2015-07-23
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        Xinhua Beijing February 23, 2011 (Xinhua Anbei, Junchao Hu) China Petroleum & Chemical Corporation 23, announced that its International Petroleum Exploration and Development affiliated with the U.S. Occidental Petroleum Ltd. has been acquired for the project to complete delivery of Argentina.

        Sinopec to 2.45 billion acquisition of 100% subsidiary of Occidental Petroleum shares of Argentina and its affiliates. The project is the acquisition agreement on December 10, 2010 signed.

        Sinopec said that through this transaction, Western oil companies, Sinopec acquired subsidiaries and affiliates in Argentina exploration and development blocks. Project held in Argentina 23 production and exploration blocks in 2010, cumulative production of more than 1,500 barrels of crude oil, natural gas sales of 14 billion cubic feet.

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