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US-China tensions

China oil group chief blames US sanctions on 'misunderstanding'

Overseas M&A an option to meet CNOOC's natural gas output target

HONG KONG - The CEO of China oil group CNOOC has blamed its blacklisting by the U.S. on a "misunderstanding" and said he wants dialogue with Washington to resolve the issue.

Xu Keqiang leads Hong Kong-listed CNOOC, a unit of China's major state-owned oil producer, China National Offshore Oil Corp. The parent group, which is unlisted, was alleged to have ties to China's military by the administration of former President Donald Trump, leading to sanctions against the group late last year.

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