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China secures major second stake in Canadian oil sands with a Cd$2.1 billion deal

Cecilia Jamasmie | November 28, 2011 | 5:17 pm Energy China Europe 

Chinese energy giant China National Offshore Oil Corp (CNOOC) took over oil sands operator Opti Canada Inc. (TSXV:OPC) today in a deal valued at Cd$2.1 billion. This acquisition gives China's top offshore oil company its second stake in a Canadian oil...

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