BEIJING (Reuters) – China’s CNOOC (NYSE:) Ltd has bought its U.S. subsidiary, in addition to its upstream oil and gasoline property within the Gulf of Mexico, to British chemical group INEOS, in line with a CNOOC assertion revealed on Saturday.
The Chinese language oil and gasoline main mentioned CNOOC Vitality Holdings USA has entered right into a gross sales settlement with an INEOS subsidiary concerning CNOOC’s upstream oil and gasoline property within the US a part of the Gulf of Mexico.
The deal primarily contains non-operating pursuits in oil and gasoline initiatives such because the Appomattox and Stampede fields.
The corporate goals to optimize its world asset portfolio and can work with INEOS for a clean transition, Liu Yongjie, chairman of CNOOC Worldwide, mentioned within the assertion.
Since 2022, CNOOC has been surveying potential consumers of its stakes in American oil and gasoline fields.
Reuters earlier reported that CNOOC was contemplating withdrawing from its operations in Britain, Canada and the US, fearing these property could possibly be topic to Western sanctions as a result of China had not condemned the invasion of Ukraine by Russia.
#Chinas #CNOOC #sells #property #Britains #INEOS #Reuters , #Gossip247
,
