Combines second-largest Argentinian producer and major refiner
BP (ticker: BP) announced the formation of a new joint venture with Bridas Corporation, creating the largest privately-owned integrated energy company in Argentina.

The JV is a combination of two subsidiaries, Pan American Energy (PAE) and Axion Energy into the Pan American Energy Group (PAEG). BP and Bridas will each hold a 50% stake in the combined company.
Pan American Energy is already a BP-Bridas JV
Formed in 1997, Pan American Energy is the second-largest oil and gas pro...


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