CHINESE OIL MAJORS LIKELY TO BE DELISTED IN THE U.S.

Highlights

• China’s biggest offshore oil producer Cnooc Ltd. is likely to be delisted as it’s on the Pentagon's list of companies it says are owned or controlled by Chinese People’s Liberation Army (PLA)

• Steven Leung, executive director at UOB Kay Hian in Hong Kong said “More Chinese companies could get delisted in the U.S. and the oil majors could come as the next wave.”