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CNOOC considering Unocal bid

CHINA National Offshore Oil Corporation has confirmed it may launch a counter bid for US oil major Unocal, rivaling the US$16.4 billion bid made by ChevronTexaco in April.

"The company ... is continuing to examine its options with respect to Unocal. These options include a possible offer by the company for Unocal but no decision has been made in this respect," CNOOC said...

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