CNOOC, Conoco compensate Chinese fishermen

CNOOC and partner ConocoPhillips have reportedly agreed to pay 305 million yuan ($A46.6 million) compensation to Chinese fishermen following last year's oil spill from the Penglai Lai 19-3 field in Bohai Bay, offshore China.

According to Reuters, state-owned China National Radio reported the joint venture reached a preliminary agreement to pay compensation through the Qinhuangdao city government in the northern province


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