Is Sinopec feeling the seven-year itch in Argentina? The company, which acquired the Argentine assets of Occidental Petroleum for $2.45 billion in December 2010, is now seeking to sell up, Reuters reported on Monday.
It is no secret that Sinopec, which is a subsidiary of China Petrochemical Corp., is fed up of dealing with Patagonia’s notoriously stubborn unions. Sinopec Argentina’s corporate affairs manager, José Esteves, complained of a “costo criollo” in Santa Cruz province back in July. This could be...
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