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Equinor Targets CNOOC UK Oilfields

OIL

Equinor is considering buying British oilfields from China's CNOOC for between 20 and 30 billion Norwegian crowns ($1.9-$2.8 billion), according to Norwegian newspaper DN.

  • The newspaper has reported the deal is planned to be completed by the end of the year.
  • Neither company has confirmed the reports.

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