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CNOOC-Nexen: China's swoop shows sweet timing as Canadian crude discount halves

Frik Els | July 23, 2012 | 7:50 pm Energy Canada China 

China's third-largest state owned oil company – China National Offshore Oil Corp or CNOOC – on Monday announced a $15.1 billion takeover of Canadian oilsands player Nexen, the biggest ever foreign investment in the North American country. China is clearly...

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