ARGENTINA: China Helps Buy-Up BP's Pan American Energy For $7 Billion USD.

BLOOMBERG/
   Bridas Corp., owned by Cnooc and Argentina’s Bulgheroni family will pay BP $7.06 billion usd for the 60 percent it doesn’t already own of Pan American Energy.
    Cnooc is adding to its March $3.1 billion acquisition of 50 percent of Bridas to expand China's access to Latin American resources. Pan American is Argentina’s largest crude exporter, producing about 240,000 barrels a day with proven reserves of 1.54 billion barrels.