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China's CNOOC may buy 5% stake in oil field owned by Brazil's Petrobras for $2b

China's CNOOC may buy 5% stake in oil field owned by Brazil's Petrobras for $2b

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Brazilian state-run oil company Petrobras said on Wednesday that China’s CNOOC is interested in acquiring an additional 5% stake in production rights for the Buzios oilfield for $2.08 billion.