CNOOC's $15.1 billion investment in Nexen,a Calgary oil and gas producer,is China's largest-ever successful overseas investment.Chinese state-owned firm CNOOC Ltd.is now officially in control of Nexen Inc.CNOCC's investment is characterized as an) :
A) global strategic alliance
B) joint venture
C) foreign direct investment
D) sourcing
E) long-term investment
Correct Answer:
Verified
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