Sanctioned Chinese Company Likely to Keep Influence in South China Sea
December 11, 2020
FILE - An oil platform operated by China National Offshore Oil Corporation (CNOOC) is seen in the sea off China's southernmost Hainan province, March 23, 2018.
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Experts say a Chinese oil company under U.S.
sanctions is likely to keep its influence in the South China Sea even with the economic restrictions in place.
The sanctions, which took effect December 3, came from an executive order issued by the White House in November. The company is China National Offshore Oil Corporation (CNOOC), a major Chinese oil