The debt burden

CHINESE state-owned oil majors may have succeeded in mega-deal making overseas, buying up multi-billion dollar energy assets globally. But have they bitten more than they can chew? By Gomati Jagadeesan

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Chinese state-owned oil companies have spent more than US$200 billion ($A215b) on overseas acquisitions and strategic deals. Recently, China's CNOOC bought up Canada's Nexen Energy for $US15.

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