The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
- |
- Chinese
China National Offshore Oil Corp (CNOOC) said that its future marine environmental fund has "no direct link" with the compensation fund launched by its US partner ConocoPhillips following severe oil spills in Bohai Bay.
"The fund is not established for compensation but public welfare," said an unnamed spokesman with the company, adding that fishermen will benefit from the fund.
The oil producer announced that it had filed an application to the Ministry of Civil Affairs for registration of a marine environmental fund with an initial donation of 500 million yuan ($79.4 million, 61 million euros).
Along with the rapid development of China's energy industry, China Oil & Gas Pipeline network is experiencing unprecedented great structure, large-scale construction and giant leap. Read More >
Exhibitor Login