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Chinese Oil Rivals Smell Blood in BP Disaster

By staff reporter Chen Zhu


While a blowout well continues spewing crude oil into the Gulf of Mexico, BP's global rivals are circling like vultures, ready to devour any assets that the disaster-strained company might reluctantly shake off.

Among them are China's cash-rich, Big Three oil companies. They are particularly interested in BP's upstream assets in Central Asia and Africa, and are certain to join a list of potential buyers if BP is forced to sell the family silver.

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