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CNOOC profit declines
Aggregated Source: Shanghai Daily: Business

Security personnel stand near snowmen at the entrance of China National Offshore Oil Corp's office tower in Beijing. CNOOC yesterday posted a 9.3 percent fall in 2012 net profit as the country's biggest offshore oil producer spent more to revive output growth, an effort underscored by its US$15.1 billion takeover of Canadian oil producer Nexen Inc.

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Copyright Shanghai Daily: Business