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CNPC, Sinopec Approved To Develop CBM Projects With Foreign Investors

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December 6, 2010

The State Council of China has approved China National Petroleum Corp. (CNPC), Sinopec, and Henan Provincial Coal Seam Gas Development & Utilization Co. to cooperate with foreign companies in developing coal-bed methane resources.

Previously, China United Coal Bed Methane Co. was the only domestic firm allowed to cooperate with foreign partners on coalbed methane business

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