BP has teamed up with Argentina’s biggest independent oil and gas holding company to create the largest privately-owned integrated energy company in the country.
ENERGYVOICE

The pair will combine interests in the oil and gas producer Pan American Energy (PAE) and the refiner and marketer Axion Energy (Axion) in a cash-free transaction. The new joint venture, Pan American Energy Group (PAEG) will be owned equally by BP and Bridas Corporation, itself a 50:50 joint venture of Bridas Energy Holdings of Argentina and CNOOC Limited of China.

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