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The Committee on Foreign Investment in the United States has given the final nod to the USD 15.1 billion takeover of Canadian oil and gas company Nexen by China’s state-run CNOOC, which is the Asian county’s largest-ever takeover, according to the CNOOC Tuesday.
Nexen’s oil and natural gas production facilities in the Gulf of Mexico are responsible for 8 percent of the company’s total energy production.
Source: Yonhap News (Feb. 13, 2013)
** This is the translation of a Korean article.