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CNOOC Declines to Comment on CKH’s Nearing Port Sale
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Regarding the nearing sale of a Panama port by CKH HOLDINGS (00001.HK), a shareholder of CNOOC (00883.HK)'s partner Cenovus, CNOOC's board secretary Xu Yugao stated that the group would not comment on CKH’s port sale. He noted that the company reviews its business and partner relationships in the U.S. and Canada annually, as well as evaluates its global asset portfolio and returns. Cooperation decisions are not solely based on the partner’s home country, and geopolitical factors are not an absolute consideration at this level. As for the previous partnership with CKH’s Husky, Xu said the latter has been merged into Cenovus, a company now primarily owned by Canadian shareholders, and they are unaware of Li Ka-shing’s stake in Cenovus. Regarding the current collaboration with Cenovus, he sees no disruptions so far. He said the partnership is proceeding in a normal and orderly manner, involving the development of producing oilfields and exploration of non-producing projects in the South China Sea. AAStocks Financial News |
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