Tag: CNOOC

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Chinese Oil Giant's Shares Tumble in Spill Controversy

Chinese oil company CNOOC has watched its share price fall following a growing controversy over an oil spill in the Bohai Gulf. From the Los Angeles Times blog:Shares were down 2.1% in midday trading in Hong Kong after falling 8.9% Monday. The sell-off comes amid growing criticism about the handling of the oil spills in China’s northeastern Bohai Sea by CNOOC’s partner, ConocoPhillips