CNOOC plans Shanghai share sale amid U.S. sanctions

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

20210217 CHINA STOCKS Shanghai Stock Exchange COPY

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

KENJI KAWASE, Nikkei Asia chief business news correspondent

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.