China Business News: CNPC offers US$14 bln for Repsol YPF's Argentine unit

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CNPC offers US$14 bln for Repsol YPF's Argentine unit

Nov. 26, 2009 (China Knowledge) - China National Petroleum Corp, the parent of PetroChina Co Ltd<601857><0857><PTR>, plans to offer US$14 billion to take over an Argentine unit of Spanish oil company Repsol YPF, source reported. However, Repsol's preference is to list around 24% of the assets of the Argentine unit prior to March, instead of accepting CNPC's offer, according to t

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