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News Summary: CNOOC to buy Nexen for $15.1B

14:41 EDT 23 Jul 2012 | R&D Magazine

BIG DEAL: China moved toward its biggest overseas energy acquisition, with Chinese oil and gas giant CNOOC Ltd. agreeing to buy Canadian producer Nexen Inc. for $15.1 billion.THIRST FOR ENERGY: CNOOC and other state-owned Chinese energy companies hav..

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