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China eyes Repsol Argentina deal

China eyes Repsol Argentina deal

07/07/09 19:45 CET

Energy

corporate

The following article has been retrieved from the archive and no longer contains the original video.

China’s largest oil company, CNPC, is in talks to buy 75 per cent of Spanish counterpart Repsol’s Argentinian arm. No firm details have been released, but the deal could be worth up to 14,5 billion dollars as China continues its aggressive pursuit of foreign energy assets. CNPC has yet to formalise its bid, and faces competition from other Chinese companies and from India and Russia.

Copyright © 2009 euronews

tags: China, Energy, Oil