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Cnooc (CEO) says its $15B deal for Canada's Nexen (NXY) is still awaiting U.S. approval and now...

  • Friday, December 28, 2012, 10:52 AM ET
    Cnooc (CEO) says its $15B deal for Canada's Nexen (NXY) is still awaiting U.S. approval and now expects to complete the acquisition in the coming quarter at the earliest, a move that could be aimed at giving U.S. regulators more time to approve the sensitive deal. The Chinese oil giant also says two of its new oilfield projects in the South China Sea have started production.
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This news story has 2 comments:

  • A Chinese company buying a Canadian company needs US approval?
    28 Dec 2012, 10:56 AM Reply Like
  • Yes, because this Canadian company has assets in US gulf
    28 Dec 2012, 05:37 PM Reply Like
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