Argentina’s state oil company, YPF, has approached several rivals in hopes of presenting a joint proposal to purchase a number of assets which Brazilian oil giant Petrobras has recently put up for sale.
Petrobras owns several service stations, one refinery and several oil wells in the Patagonia region, with a combined value of approximately. $1.2 billion dollars.
Four Argentinian oil companies have been invited by the oil behemoth to present purchase offers: These include state company YPF, Pan American Energy (a joint venture by the Bulgheroni bros., China’s CNOOC and Britain’s BP), Pluspetrol and Tecpetrol.
The companies have a deadline of August 15th for presenting their proposals.
Source: Argentina Shale
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI