Repsol and Sinopec have formed an alliance in Brazil to create one of Latin Amer ...

Repsol and Sinopec have formed an alliance in Brazil to create one of Latin America’s largest private energy groups, valued at $17.8bn. Repsol will retain 60% of the joint venture, with Sinopec, China’s second largest oil company, holding the remaining 40% stake. The new venture will jointly develop the projects of Repsol Brasil, the upstream subsidiary of Repsol in Brazil.

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