Snow: US may review CNOOC’s oil takeover

US Treasury Secretary John Snow hinted that the Bush administration would review China National Offshore Oil Corporation (CNOOC)’s takeover bid for US oil producer Unocal on national security grounds.

In an interview in New York yesterday, Snow said it was too early to make any definitive comments on the issue, but added: “We will look at anything that raises national security issues,” Xinhua reported.