Washington gearing up for multi-agency review as CNOOC seeks Unocal

摘要

State-owned PRC major China National Offshore Oil Corp,as speculated for months,launched a US20-mil takeover offer late June 22 for US upstream major Unocal,aimed at topping an agreed-on US18-bil takeover by Chevron.CNOOC's board met June 22.amid media speculation it would authorize the unsolicited bid.It was confirmed by CNOOC with a formal annoucement later in the day of US67/share.