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the China National Offshore Corporation (CNOOC) was in a position to put in a higher cash bid of US$18,5 billion for Unacol two years ago than that supplied by Chevron-Texaco back in 2005. CITIC Assets, a subsidiary of CITIC, which specializes in equity investments in power and natural assets, has also been working carefully in putting collectively oil offers involving Chinese language oil companies in several African countries, most notably Chad

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