Advertising Console

    YPF nationalisation scuppers Chinese deal - reports

    euronews (in English)

    by euronews (in English)

    The nationalisation by Argentina of Spanish controlled oil company YPF has reportedly blocked long time hopes by China's Sinopec of buying YPF.

    The Financial Times says Spain's Repsol had been talking with the Chinese state owned firm for years about a sale of YPF and a Chinese financial website quoted a source as saying they were very close to a deal.