Two US Congressmen have urged the Bush administration to thoroughly review any bid by China’s CNOOC Ltd to acquire Unocal Corp.

CNOOC, China's third-largest oil group, has said it is considering a counter-offer to trump California-based Chevron Corp’s $16-billion bid for Unocal.
The Chinese oil company is interested in acquiring Unocal because its oil and natural gas assets in Asia fit CNOOC’s aspirations to become a major regional liquefied natural gas (LNG) player.
Californian Republican Reps. Richard Pombo and Duncan Hunter, in a letter dated June 17, urged President George W. Bush to immediately begin a review of China's growing energy requirements and the implications for America’s political, strategic and economic interests.
If CNOOC should offer to acquire a US energy company, the duo encouraged Bush to order a review by the Committee on Foreign Investment in the United States (CFIUS), an inter-agency panel chaired by Treasury Secretary John Snow.