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Dragon in CNOOC sights?

A rumour is circulating that CNOOC has made an offer for Dragon Oil, which operates the Cheleken ...

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Dragon, Irish-listed but owned by the National Oil Co of Dubai, would not comment on the speculation.

The rumour could be true, as China's state-owned companies have long wanted to diversify China's oil supplies and minimise its dependency on Middle East oil supplies.

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