!! History Commons Alert, Exciting News

Profile: Chinese National Overseas Oil Company

Chinese National Overseas Oil Company was a participant or observer in the following events:

The US House of Representatives approves House Resolution 344 (H.Res.344) with a 398 to 15 vote urging President Bush to block the proposed takeover of Unocal Oil by the Chinese National Overseas Oil Company (CNOOC Ltd) on the grounds of national security. CNOOC has bid $18.5 billion for Unocal against a $16.5 billion bid by Chevron. In a written statement, China’s foreign ministry says, “CNOOC’s bid to take over the US Unocal company is a normal commercial activity between enterprises and should not fall victim to political interference.” [Washington Post, 7/4/2005] Congressman Duncan Hunter (R-CA) warns that the “Chinese would also be advantaged by such a transaction because it would extend their military and economic reach in such a way that could potentially impact… [US] involvement in East Asia.” [Office of Representatives Duncan Hunter, 7/1/2005]

Entity Tags: Duncan Hunter, George W. Bush, Unocal, Chinese National Overseas Oil Company

Timeline Tags: US International Relations

Ordering 

Time period


Email Updates

Receive weekly email updates summarizing what contributors have added to the History Commons database

 
Donate

Developing and maintaining this site is very labor intensive. If you find it useful, please give us a hand and donate what you can.
Donate Now

Volunteer

If you would like to help us with this effort, please contact us. We need help with programming (Java, JDO, mysql, and xml), design, networking, and publicity. If you want to contribute information to this site, click the register link at the top of the page, and start contributing.
Contact Us

Creative Commons License Except where otherwise noted, the textual content of each timeline is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike