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CNOOC to Buy Nexen for USD 15.1 billion

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 Text

Source: Yonhap News (Feb. 13, 2013)

** This is the translation of a Korean article.

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