In 2005, a foreign company, CNOOC, attempted to purchase the Unocal Corporation, the third-largest U.S. oil company, for $18.4 billion, but withdrew after U.S. legislators raised security concerns. CNOOC is a _____ corporation.
A) Russian
B) Chinese
C) Canadian
D) Saudi Arabian
E) British

Question

Quizplus · Accepted Answer

CNOOC stands for China National Offshore Oil Corporation, which is a Chinese state-owned oil and gas corporation.

In 2005, a Foreign Company, CNOOC, Attempted to Purchase the Unocal