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Sinopec's bid for Addax gets nod

(Xinhua)
Updated: 2009-08-12 14:11

BEIJING: Sinopec Group, China's largest oil refiner, announced Wednesday that it had got approval from the National Development and Reform Commission of an 8.27 billion Canadian dollar (US$7.51 billion) bid for taking over Geneva-based oil and gas producer Addax Petroleum Corp.