CNOOC 'agrees to conditions' for Nexen nod

Compromise: CNOOC has reportedly agreed to new terms by the Canadian government to win approval for its takeover of Nexen

China's state-owned CNOOC has reportedly accepted management and employment conditions set by the Canadian government to win approval for its C$15.1 billion (US$15.15 billion) takeover of Nexen, but key issues still need to be sorted out.

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