Fearful over sanctions amid Ukraine war, Chinese energy giant CNOOC may pull out of Canada

China's top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to sanctions, industry sources told Reuters. Ties between China and the West have long been strained by trade and human rights issues and the tension has grown following Russia's invasion of Ukraine, which China has refused to condemn.-- More...

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