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Penglai partners pay $48m spill compensation

US supermajor ConocoPhillips and China’s CNOOC Ltd have agreed to jointly pay 305 million yuan ($48 million) in compensation to Chinese fishermen and restore the maritime environment in the Bohai Bay area, following an oil spill last year.

Clean-up: ConocoPhillips and CNOOC have agreed to pay 305 million yuan in compensation to fishermen for last year's Penglai oil spill
Clean-up: ConocoPhillips and CNOOC have agreed to pay 305 million yuan in compensation to fishermen for last year's Penglai oil spill
  • News Wires
Published 2 April 2012, 03:09Updated 10 October 2016, 13:51
Asia & Oceania