China Buys Stake in Argentine Oil Firm for $3.1 Billion

China Buys Stake in Argentine Oil Firm for $3.1 Billion – China National Offshore Oil Corp., China’s biggest offshore oil explorer, plans a joint venture with Argenina’s Bridas Energy Holdings, paying $3.1 billion to take a 50 percent stake in a subsidiary, Bridas Corporation, the company said on Sunday- Reuters