20050701 unocal getty 53136325 2
The top of the head-office building of the state-run energy firm China National Offshore Oil Corporation (CNOOC) is seen in Beijing, 23 June 2005. CNOOC announced a bid to buy US oil major Unocal for $18.5 billion in cash, trumping a rival offer by Chevron Corp, as it proposed a friendly merger, offering $67 a share for the California-based company in a deal that underlines China's drive to secure energy resources overseas to sustain its rapid economic growth. -