(EnergyAsia, July 25) — China National Offshore Oil Corp (CNOOC) will not raise its all-cash US$18.5 billion or US$67 a share offer to take over Unocal, the ninth largest oil and gas company in the US, reported the China Daily. Citing the need to protect shareholders’ interests, China’s third largest oil and gas producer…
CHINA: CNOOC will not raise bid for Unocal
Posted on July 25, 2005 by EnergyAsia