Beijing: China National Offshore Oil Corporation's (Cnooc) on-off chase to buy Canada’s energy firm Nexen has recveived a big boost with US regulators approving the proposed $15.1bn deal.
The approval from the Committee on Foreign Investment in the United States (CFIUS) means the last major hurdle was cleared, CNOOC, China's largest offshore oil producer, said in a statement issued on Tuesday.
Nexen, based in Calgary, is the biggest proposed deal by Cnooc since its failed attempt to buy Unocal for $18.5bn in 2005. [13/02/13]
