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COPYRIGHT 2002 Asia Pulse Pty Ltd
An executive briefing on joint ventures for Sept 30, 2002, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
CHINA'S CNOOC TO ACQUIRE 12.5 PCT STAKE IN INDONESIAN GAS FIELD
BEIJING - Chinese offshore oil company CNOOC Ltd has entered into an agreement to acquire the interests in the reserves and upstream production of the Fujian Liquefied Natural Gas (LNG) importing project, according to a company announcement.
According to the agreement, CNOOC Ltd. will acquire a 12.5 per cent stake in the Indonesian Tannguh gas field, supplier for the Fujian LNG project, at a cost of approximately US$275 million....
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