Buyers eye Sinopec's troubled Argentina oil assets

Hong Kong

ADVISERS to China's Sinopec have offered its oil assets in Argentina to about a dozen potential suitors, three sources familiar with the matter said, as losses and labour headaches prompt Asia's largest refiner to pull out.

The Argentine oil and gas assets, mainly in the southern province of Santa Cruz, could be worth US$750 million to $1 billion, one of the sources said.