ARGENTINA PRIVATIZATION DRIVE MOVES AHEAD

Argentina continues its rapid pace of petroleum industry privatization. The Argentine government has received bids totaling $4.2 billion for the restructured, privatized assets of Argentina's gas industry, reported N.M. Rothschild & Sons Ltd., London. A group led by British Gas plc bought the distribution company that supplies gas to Buenos Aires, and Nova Corp., Calgary, leads a group that is buying 70% of Argentina's northern natural gas pipeline system.

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