CNOOC Ltd to stage Shanghai IPO to sidestep sanctions and fund Guyana spending

Offshore operator plans to raise equivalent of $5.41 billion from domestic sources after international investors shy away from sanction-hit company

Home help: CNOOC Ltd will spend the proceeds of the IPO on offshore projects
Home help: CNOOC Ltd will spend the proceeds of the IPO on offshore projectsPhoto: CHINA STRINGER NETWORK
Published 27 September 2021, 10:47Updated 28 September 2021, 15:21