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Oilsands operator Opti Canada taken over by China``s CNOOC for US$2.1 billion (Opti-Canada-Takeover)

CALGARY _ Oilsands operator Opti Canada Inc. (TSXV:OPC) has been taken over by Chinese energy giant China National Offshore Oil Corp in a deal valued at US$2.1 billion.Opti shares were halted on the TSX Venture Exchange pending the news.Before stock markets opened Monday, Opti said it had closed the sale of the company to the Chinese firm also known as CNOOC.CNOOC is China`s largest producer of offshore crude oil and natural gas and one of the biggest independent oil and gas companies in the world.Opti said it expects its shares...

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Published By: Oilweek Magazine - 4 days ago

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