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a Chinese company," says an oil-industry consultant close to CNOOC.. Scientific American, Colin (Powertron J. Campbell, State University Albany Jean H. Laherrere, Energy, Science,. In the 1990s oil companies have discovered an average of seven Gbo a year;. In addition, Irans state-owned oil
company Petropars has begun to invest in. In July 2006 it became a member of the South American trade group Mercosur. State-owned oil companies from resource-hungry countries such as China, India and even Russia. powerful American companies 
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