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CNOOC Plans $3.1b Latin American JV
China National Offshore Oil Corporation (CNOOC) (0883.HK, NYSE: CEO) has proposed to invest $3.1 billion in Bridas Energy Holdings' oil and gas exploration and production subsidiary Bridas Corporation to form a 50-50 joint venture, according to a CNOOC announcement on March 15. Bridas Corporation has exploration and production activities in Argentina, Bolivia and Chile, the report said.
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