Sinopec Acquires Oxy Assets For US$2.45bn

China's hunt for Latin America's oil and gas resources marches on, with Argentina the latest target. State-run Sinopec agreed on December 10 to buy US independent Occidental Petroleum's (Oxy) assets in the country for US$2.45bn, adding to a rash of deals from China's big three state oil companies on the continent.

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