The Commerce Department’s move against China National Offshore Oil Corp., the nation’s main deepwater explorer, denies it access to U.S. technologies without specific permission. And Xiaomi was one of nine firms added to the Defense Department’s list of Chinese military companies. Cnooc is the smallest of China’s so-called big three state-owned oil majors after China National Petroleum Corp. and China Petrochemical Corp., also known as Sinopec. The Commerce Department also added Skyrizon to the military end-user list, saying it poses a threat to national security. Wilbur Ross said the company’s push to acquire and “indigenize” foreign military technologies posed a significant threat to U.S. national security and foreign policy interests.

Source: The Standard January 15, 2021 00:31 UTC