In 2005 China National Offshore Oil Corporation (CNOOC)felt obliged to withdraw its bid for Unocal,after what is described as "unprecedented political opposition" in Congress.

Question

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This statement is true. CNOOC faced opposition from many members of Congress who were concerned about oil security, national security, and job security in the United States. This ultimately led to CNOOC withdrawing its bid for Unocal.

In 2005 China National Offshore Oil Corporation (CNOOC)felt Obliged to Withdraw