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CNOOC plans Shanghai share sale amid U.S. sanctions

Target to raise $5.4 billion follows high oil price and profit surge

CNOOC plans to list on the Shanghai Stock Exchange amid U.S. sanctions.   © Reuters

HONG KONG -- CNOOC, one of the three Chinese state-owned oil and gas conglomerates, plans to list in the mainland amid pressure from U.S. authorities to delist from New York.

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