CNOOC sells US subsidiary to British chemical company INEOS

China's energy giant CNOOC has divested its US subsidiary. This includes, in particular, the oil and gas production facilities in the Gulf of Mexico. The buyer is the British chemical company INEOS, which thus secures strategic access to these valuable resources. This transaction could provide INEOS with new opportunities to expand its portfolio in the field of energy resources while positioning itself in one of the most important markets. The sale was announced on Saturday through an official statement by CNOOC.