HONG KONG (Dow Jones Newswires), August 11, 2008
China National Offshore Oil Corp., or Cnooc, and China National Petrochemical Corp., or Sinopec, are joining forces to bid for an Angolan oil and gas asset owned by U.S.-based Marathon Oil Corp. (MRO) that is expected to fetch about US$1.5 billion, the South China Morning Post reported Monday, citing unnamed sources.
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