BEIJING — China's CNOOC Ltd. has sold its US subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group INEOS, according to a CNOOC statement issued on Saturday.
The Chinese oil and gas major said CNOOC Energy Holdings USA entered into a sales agreement with a subsidiary of INEOS relating to CNOOC's upstream oil and gas assets in the US part of the Gulf of Mexico.
The logo of China National Offshore Oil Corp. is seen at its booth during the China International Fair for Trade in Services in Beijing, China. REUTERS PHOTO