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BP biggest loser from failed deal

THE collapse of CNOOC's $US7.1 billion deal to buy Argentina's biggest oil exporter will have left a few senior executives and managers sweating, given the Chinese government's dislike for failed deals. But it is BP that is likely to be worse off as a result. <b>By Paul Garvey in Hong Kong.</b>

BP biggest loser from failed deal

CNOOC, through its Bridas joint venture with Argentina's Bulgheroni family, had been working for over a year to buy BP's 60% stake in Argentina's Pan American Energy, the country's second largest oil company....

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