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Detailed text transcripts for TV channel - CNN - 20110121:09:57:00

inoc. brazil state-owned petrobras is becoming one of the foremost experts in deep-water drilling. malacia s petrobras. china s c and pc has extended into kazakhstan and quickly into africa. while china s c-nook government-controlled but publicly traded is expanding in canada and now texas and they compete against the iocs but still are striking deals with them. like with italy s eni. chinese company is a strong company, independent we can say with a very strong back. they do business in their own way. we have joint vinture with them. reporter: the same is viewf true in russia. i think the russians probably do need the expertise. they use totale. and then you have the

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