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Canada Mulls China's Massive Oil Takeover Bid

Business  (tags: China, Canada, Canadian oil company, China National Offshore Oil Corporation, (CNOOC), Calgary-based Nexen, China bid to buy Nexen, tar sands oil, Steven Harper, U.S )

- 796 days ago -
Backed by a massive trade surplus and bulging overseas currency reserves, and fuelled by a voracious appetite for commodities, China has launched one of its largest foreign takeover bids to date, aiming to control a Canadian oil giant.

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