CNOOC Acquires CNCCC

China National Offshore Oil Corp (CNOOC) has acquired China National Chemical Construction Corp (CNCCC), Xinhua reported. No further details were provided.

Xinhua cited CNOOC general manager Fu Chengyu as saying that the acquisition will enable CNOOC to sharpen its competitiveness by using CNCCC's skills in fertilizer production, chemical research, engineering design and international trade.