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“No one is more anxiously aware of the vital role of oil in running a modern industrial state than China; and when China goes looking for oil outside its own land mass, it’s CNOOC Ltd. (CEO) that’s carrying the checkbook,” says Paul Goodwin.

The editor of Cabot China & Emerging Markets Report explains, “Short for Chinese National Offshore Oil Corporation, CNOOC was founded in 1982, and spent most of its early years exploring, drilling and pumping oil from Bohai Bay and the South China Sea.

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Happy trading,

Curt