(EnergyAsia, June 23 2011, Thursday) — Chinese state-run company CNOOC is withdrawing from its joint bid with Indonesia’s national oil company Pertamina for ExxonMobil’s US$3.5 billion stake in an Angolan oil project. CNOOC’s withdrawal stemmed from a dispute with Pertamina over the terms of the renewal of oil concessions at West Madura in Indonesia. The…

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