Bridas Corporation is an Argentine independent oil and gas holding company based in Buenos Aires. Since March 2010 it is 50% owned by China National Offshore Oil Corporation. .
Bridas Corporation was founded by the Bulgheroni family in 1948, and grew to become the second-largest producer of fossil fuels in Argentina (after the state-owned ), with production of over 78 million in. .
In 1997, Bridas and (now ) established a named Pan American Energy. The stake of BP is 60% and the stake of Bridas is 40%. On November 28, 2010, it was announced that Bridas would acquire the BP's stake for $7.06 billion in cash.. .
Bridas began expanding into the energy sector in 1987, and secured its first large-scale contract (gas exploration rights in ), in 1992. Between 1995 and 1997, CEO was personally involved in negotiations between. .
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[pdf] The energy sector in is mainly oriented towards the consumption of electricity based on fossil fuels; renewable energies are currently underdeveloped for the moment, and there is no export of fossil fuels. Electricity in Mayotte in 2015 was 95% thermal sources and 5% renewable energy. The multi-year energy program sets a target of 30% renewable energi.
[pdf] Thanks to the high level of solar radiation in Madagascar, the solar system can ensure the average power requirement of at least 20,000 Madagascans and avoid the emission of around 4,000 tons of CO2.
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