1st Ld: Canada approves CNOOC's takeover of Nexen

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The Canadian government on Friday approved Chinese oil giant CNOOC's 15.1-billion-U.S.-dollar takeover of Canadian firm Nexen.

This is the biggest acquisition overseas of CNOOC, China's biggest offshore oil developer.

On Friday, the Canadian government also approved a 5.3-billion-U.S.-dollars bid by Malaysia's Petronas to take over the North American country's gas producer Progress Energy Resources. Endi

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