Cnooc Ltd., China’s biggest offshore oil and gas explorer, is considering selling its stake in Argentina’s Bridas Corp. to free up money for other projects, according to people with knowledge of the deliberations.
Bonds of Pan American Energy LLC, Argentina’s biggest oil exporter, are beating debt issued by Latin American peers on speculation the company will bolster production after China’s Cnooc Ltd. takes control.
Bonds of Pan American Energy LLC, Argentina’s biggest oil exporter, are outperforming larger competitors Petroleo Brasileiro SA and Petroleos Mexicanos SA on speculation a new government may ease price caps on crude oil.
With the world’s second-largest free-trade zone, Latin America’s fourth-busiest airport, four container-vessel seaports, the Pan-American Highway and numerous free-trade agreements, Panama is on its way to becoming the Singapore of the Americas. And as Eric Sabo reports in the March issue of Bloomberg Markets magazine, the expansion of the Panama Canal now under way “is only part of the massive infrastructure spending that is propelling the Panamanian economy.”