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CNOOC Ltd Says Not Looking For New Deals-DJ


Wednesday, 27 Feb 2013 08:30pm EST 

Dow Jones reported that CNOOC Ltd's Chief Executive said the company isn't looking for any new acquisitions in the near term after completing its $15.1-billion takeover of Canadian oil-sands producer Nexen Inc. Speaking to reporters after closing the deal earlier this week, Li Fanrong said the Nexen purchase is expected to boost Cnooc's production 20% year-over-year, and the Calgary-based producer's portfolio of assets provides significant growth opportunities. 

Company Quote

11.34
-0.66 -5.50%
2:59am EST