Weak prices may push CNOOC into red
By Xiao Wan | China Daily | Updated: 2008-12-25 08:00
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A CNOOC rig in the Bohai Sea in Northeast China. Ding Jian |
China National Offshore Oil Corp (CNOOC) may post a loss from its crude oil business since October due to the sharp fall in global crude oil prices, according to an industry insider.
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