Apco Argentina says that its shareholders have approved a change in its corporate name to Apco Oil and Gas International Inc.

The proposal was approved at the company's annual meeting of shareholders held in Tulsa, Okla., on Monday.

"This is a way for us to more appropriately identify with our diversification strategy into other South American countries," said Thomas Bueno, Apco's president and chief operating officer. "For example, we opened an office in Colombia last year to search for investment opportunities.

"Our interests in Argentina are obviously the core of our business. We're just looking on a wider basis now as we plan to grow and expand our oil and gas interests," Bueno added.

Tags: Apco Argentina, Apco Oil and Gas International Inc.