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The Chinese government is considering merging state-owned oil companies in order to increase efficiency.
China is considering mergers of its state-run oil companies in order to create national champions that could compete with the likes of ExxonMobil (ticker: XOM) and produce greater efficiencies, a topic of growing importance as oil prices remain low.

At the request of China’s leadership, government economic advisers are conducting a feasibility study of options for consolidation, officials with knowledge of the research told the Wall Str...

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