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Chinese company to buy Texas oil fields

oil fields

Xinchao Shiye, a public company based in east China's Shandong province, plans to buy oil fields in the US in a deal worth around $1.3 billion.The oil fields are in Howard and Borden counties in Texas, said a Xinchao Shiye disclosure to the Shanghai Stock Exchange on Saturday, reports Xinhua news agency.

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http://www.uitvconnect.com/newspaper/chinese-company-buy-texas-oil-fields
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