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Three Chinese state oil majors tight-lipped on Russia

Executives avoid straight answers despite deepening ties between Xi and Putin

An oil refinery in the Siberian city of Omsk, Russia.   © Reuters

HONG KONG -- While the leaders of China and Russia agreed to deepen ties and forge closer economic cooperation in key areas such as energy at their recent summit, Chinese state-owned oil company executives have maintained a low profile toward Russia.

Top executives from Sinopec, PetroChina and CNOOC -- the core listed units of China Petrochemical Corp., China National Petroleum Corp. and China National Offshore Oil Corp. (also abbreviated as CNOOC), respectively -- held news conferences for annual results this week, the first time the events were held in person since the COVID-19 outbreak.

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