Jan 2, 2011
Cnooc Scraps OGX Bid to Avoid Competition With Sinopec
Cnooc Ltd., China’s largest offshore oil and gas producer, withdrew a plan to bid for a stake in Brazil’s OGX Petroleo & Gas Participacoes SA to avoid competition with China Petrochemical Corp., the 21st Century Business Herald reported, citing a person it didn’t identify.
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Source: Bloomberg
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