Dem Urges DOI To Block CNOOC-Nexen Oil Lease Transfer

Law360, New York (September 18, 2012, 3:22 PM EDT) -- A top Democrat on Tuesday called on the U.S. Department of the Interior to bar China National Offshore Oil Corp. from acquiring a set of royalty-free drilling leases in the Gulf of Mexico from Nexen Inc. in its $15 billion purchase of the Canadian company.

Rep. Ed Markey, D-Mass., argued in a letter to Interior Secretary Ken Salazar that allowing Nexen to transfer the assets to CNOOC would give the Chinese state-owned oil giant free access to oil and natural gas on public lands in the...
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