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CNOOC profits hit as revenues fall 32%

Low oil price and coupled with COVID hit NOC hard

paul hunt
CNOOC profits hit as revenues fall 32%

For the six months ending June 30, the CNOOC said profits had fallen 65.7% from 30.28 billion yuan (A$6 billion) in the first half of 2019. This is despite oil and gas production increasing 6% year-over-year...

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