China National Offshore Oil Corporation (CNOOC Ltd) is considering selling parts of its US oil assets in the Gulf of Mexico, a company spokeswoman said on Thursday, but added that it does not intend to fully exit the US market.
Nexen Petroleum, a unit of State-controlled CNOOC, was planning to exit the US, divesting its stake in oil and gas developments in the Gulf of Mexico amid the trade row between the US and China, according to media reports.
The spokeswoman said the strains for a State-owned oil company investing in the US partly prompted the firm to consider scaling back.
Sources:Global Times
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