BEIJING -- China National Offshore Oil Co. has acquired an additional 5% stake in offshore oil fields in Brazil from state-owned Petrobras for approximately $1.9 billion, the Chinese state-owned oil company announced Thursday.
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China's CNOOC ups Brazil oil field stake in energy security push
Additional 5% interest to help ease dependence on Western imports
CNOOC has acquired an additional stake in Brazilian offshore oil fields. © Reuters
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