MSCI will also remove the oil company from relevant non-market capitalization weighted indexes and custom indexes as of the close of business of Jan. 26, the index provider said in a statement.

Last week, the U.S. Commerce Department of the administration of former president Donald Trump said it added Chinese National Overseas Oil Corporation (CNOOC) to a U.S. economic blacklist.

(Reporting by Kanishka Singh in Bengaluru; Editing by Chris Reese)