Cnooc (CEO) has reportedly accepted conditions set by the Canadian government as it decides...

|By:, SA News Editor

Cnooc (CEO) has reportedly accepted conditions set by the Canadian government as it decides whether to approve the Chinese company's $15.1B acquisition of Nexen (NXY). The government adopted many of the terms requested by Alberta Premier Alison Redford, which include guarantees that at least half of Nexen’s board and management be Canadian, and that staff levels be maintained for at least five years.