Bridas International, which is controlled by Argentinian billionaire brothers, has agreed to...

|By:, SA News Editor

Bridas International, which is controlled by Argentinian billionaire brothers, has agreed to invest $1.5B with YPF (YPF) to develop shale oil in Patagonia in southwestern Argentina. Bridas will also lend YPF $500M for the project. Cnooc (CEO) may be involved via a 50% holding in Bridas Corp. (See Chevron's $1B investment)