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Petroquimica Comodoro Rivadavia SA completes acquisition of entire stake in Petroleos Sudamericanos del Ecuador and Compania Sudamericana de Fosforos


Tuesday, 7 Jan 2014 11:43am EST 

Petroquimica Comodoro Rivadavia SA (PCR):Says the company, through its subsidiary Dutmy SA, completed the acquisition of an entire stake in Petroleos Sudamericanos del Ecuador Petrolamerec SA and Compania Sudamericana de Fosforos Fosforocomp SA.Says the acquired companies hold 60 percent of rights and shares in the contracts for the exploration and exploitation of hydrocarbons in Pindo y Palanda-Yuca Sur Fields in Ecuador.Says as of the year 1999, the company‚Äôs subsidiary Petroriva SA held a 40 percent stake in the aforementioned contracts.Says, as a result of the transaction, PCR holds directly and indirectly a 100 percent stake in the aforementioned contracts. 

Company Quote

12.33
-0.04 -0.32%
24 Oct 2014