China’s CNPC Said in Talks to Buy Brazil’s Barra for $2 Billion

China’s CNPC Said in Talks to Buy Brazil’s Barra for $2 Billion

Lucas Schifres/Bloomberg

A China National Petroleum Corp. nodding donkey oil pump pumps oil at sunset in an oilfield outside Daqing, Heilongjiang province, China. CNPC is in talks to acquire Barra Energia Petroleo e Gas, a Brazilian oil startup, for about $2 billion.