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Nexen deal approval 'in sight'

Updated: 2012-11-10 08:07
By Ding Qingfen and Du Juan ( China Daily)

CNOOC chairman confident $15.1b takeover will be sealed by year-end

The chairman of CNOOC Ltd, China's biggest offshore oil and gas producer, is confident its $15.1 billion takeover of Canadian company Nexen Inc will be completed by the end of the year.

CNOOC announced its plan to buy Nexen in July, but the Canadian government has extended a review of the bid twice, triggering doubts over the ultimate success of the deal.

Nexen deal approval 'in sight'