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BP announces joint venture with Argentinian firm

Posted at September 11, 2017 » By : » Categories : News » Comments Off on BP announces joint venture with Argentinian firm

BP announces joint venture with Argentinian firm


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BP has announced a joint venture with a firm in Argentina to form a new energy company.

Its agreement with Bridas Corporation will combine their interests in oil and gas producer Pan American Energy (PAE) – the second largest in the country – and refiner Axion Energy.

BP said the new company, Pan American Energy Group (PAEG), will be the largest privately-owned integrated energy firm in Argentina.

The 50:50 joint venture will pursue growth and development opportunities in Argentina, Uruguay, Paraguay and Mexico.

The deal, which is subject to regulatory approval, is expected in early 2018.


Article source: http://www.energylivenews.com/2017/09/11/bp-announces-joint-venture-with-argentinian-firm/

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