Malaysia seizes over 243 million USD from Chinese firm World

Malaysia seizes over 243 million USD from Chinese firm

Malaysian authorities have seized more than 1 billion ringgit (243.25 million USD) from a bank account of the China Petroleum Pipeline Engineering Ltd (CPP), a unit of state energy giant China National Petroleum Corp (CNPC).
Politics

China ends illegal drilling near Vietnam’s Hoang Sa

The China National Petroleum Corp. (CNPC) announced on July 15 that it had completed its drilling and exploration off Vietnam’s Hoang Sa (Paracel) archipelago in the East Sea, and is relocating its rig in Hainan Islands.