HONG KONG -- Chinese state oil major CNOOC on Thursday shrugged off recent media reports that the company is considering withdrawing from oil field investments in the U.K., the U.S. and Canada to diminish its vulnerability to sanctions.
Energy
China oil major CNOOC has 'no plan to exit' any region: executive
Company 'closely monitoring' developments with Western energy assets in Russia
CNOOC's Liuhua 16-2 oil field in the South China Sea. Chinese oil companies are reportedly in talks with Western peers seeking to exit Russia. (Photo courtesy of CNOOC)
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