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YASUYOSHI CHIBA / AFP
Chinese language oil large CNOOC is reportedly making ready to halt its operations in Britain, Canada and the US out of concern that its property there could possibly be topic to financial sanctions associated to the Russian warfare in Ukraine, in accordance with Reuters.
The divestiture from these markets goes to be painful for CNOOC given the size of its operations within the Gulf of Mexico and Canada, particularly, that features the $15 billion acquisition of Canadian oil firm Nexen.
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