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July 27, 2012 at 00:01 AM EDT
China flexes muscles with Cnooc, Nexen deal
When Cnooc Ltd. scored a deal to acquire Canada’s Nexen Inc., it was one big leap for China’s largest offshore oil and natural gas producer, and one small step toward building a global empire to feed the Asian nation’s voracious appetite for energy.
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CNOOC SP ADR
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