Cnooc To Spend CNY350 Bln On Exploration Next 5 Years -Report

Cnooc To Spend CNY350 Bln On Exploration Next 5 Years -Report
dj
Τρι, 15 Φεβρουαρίου 2011 - 17:10
China National Offshore Oil Corp. will spend CNY350 billion ($53 billion) on oil and gas exploration in China over the next five years, state television reported Tuesday, without citing a source.
China National Offshore Oil Corp. will spend CNY350 billion ($53 billion) on oil and gas exploration in China over the next five years, state television reported Tuesday, without citing a source.

More than CNY20 billion of the planned investment will go toward deep-water exploration, it said.

The company's listed unit, Cnooc Ltd. (CEO), is
China 's biggest offshore oil and gas producer by output.
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