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China’s Cnooc Buys Bridas Stake for $3.1 Billion: Video

2010-03-15T10:59:38Z
China’s Cnooc Buys Bridas Stake for $3.1 Billion
 
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March 15 (Bloomberg) -- Cnooc Ltd., China’s biggest offshore oil explorer, agreed to buy a 50 percent stake in Argentine producer Bridas Corp. for $3.1 billion, adding an estimated 318 million barrels of reserves as Chinese fuel demand surges. Bloomberg's Melissa Long reports. (Source: Bloomberg)

Cnooc Ltd., China’s biggest offshore oil explorer, agreed to buy a 50 percent stake in Argentine producer Bridas Corp. for $3.1 billion, adding an estimated 318 million barrels of reserves as Chinese fuel demand surges. Bloomberg's Melissa Long reports. (Source: Bloomberg)

Running time 02:12

-0- Mar/15/2010 10:59 GMT

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