Chinas Cnooc Buys Bridas Stake for $3.1 Billion: Video

March 15 (Bloomberg) — Cnooc Ltd., Chinas biggest offshore oil explorer, agreed to buy a 50 percent stake in Argentine producer Bridas Corp. for .1 billion, adding an estimated 318 million barrels of reserves as Chinese fuel demand surges. Bloomberg’s Melissa Long reports. (Source: Bloomberg)

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