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Cnooc to pay $2.1 billion for Canada oil sands firm

New York Times | July 20, 2011 | 12:59 pm Energy Canada Europe 

OPTI Canada, a bankrupt oil sands producer, has agreed to sell itself to a wholly-owned subsidiary of the China National Offshore Oil Corporation, in a deal worth $2.1 billion, the company said on Wednesday. Cnooc, as the Chinese oil giant...

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