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 BEIJING (AP) - Chinese oil company CNOOC Ltd. is considering raising its $18.5 billion bid for Unocal Corp., according to a published report Wednesday.
The state-controlled company's board also was expected to consider making other changes to its bid, the Financial Times said, citing unidentified sources. It didn't say what the higher offer might be.
Spokesmen for Hong Kong-based CNOOC didn't immediately return telephone calls seeking comment.
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