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Bristol to give up the acquisition of BP Das held shares of Pan American Energy

Date: 2015-07-23
Views: 137

China National Offshore Oil Corporation has a 50% stake in the company of Bristol Das 6, announced that it has abandoned the purchase of British Petroleum holds a 60% stake in Pan American Energy's acquisition plans.

Bristol Das, a spokesman says the acquisition of Pan American Energy Company is terminated due to "legal issues", and a new round of international financial market turbulence and the company's operations in Argentina nothing.

The spokesman also said the company gave up the purchase in Bristol Das BP shares held by Pan American Energy, the Pan American Energy's investment plan should not be affected. According to Pan American Energy had announced the news, the company plans to invest $ 1 billion next year, due to the expansion in Argentina's oil exploration and production.

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