According to the Zhitong Finance App, New Era Group Holdings (00166.HK) announced that the Group operates the Los Blancos concession area (Los Blancos) through its wholly-owned subsidiary, Hi-Tech Group Limited (“HLG BVI”), a company incorporated in the British Virgin Islands, and HLG BVI includes its branch in Argentina. The Group has 50% participation interest in Los Blancos oil extraction, while Pampa Energía S.A. (NYSE: PAM) holds the remaining 50% participation interest. After receiving a concession granted by the provincial authorities in October 2020, the Group has the right to produce crude oil in Los Blancos (oil business in Argentina) for a period of 25 years.

According to the Zhitong Finance App, New Era Group Holdings (00166.HK) announced that the Group operates the Los Blancos concession area (Los Blancos) through its wholly-owned subsidiary, Hi-Tech Group Limited (“HLG BVI”), a company incorporated in the British Virgin Islands, and HLG BVI includes its branch in Argentina. The Group has 50% participation interest in Los Blancos oil extraction, while Pampa Energía S.A. (NYSE: PAM) holds the remaining 50% participation interest. After receiving a concession granted by the provincial authorities in October 2020, the Group has the right to produce crude oil in Los Blancos (oil business in Argentina) for a period of 25 years.