US oil firm ConocoPhillips and its partner CNOOC have agreed to pay 1.683 billion yuan ($266.89 million) in compensation for a series of oil spills off the coast of northern China last year, China's State Oceanic Administration said on Friday. Leaks at the Penglai 19-3 oilfield in China's Bohai Bay beginning last June polluted 6,200 square km of water before they were finally sealed in late October (IOD Nov.18'11).
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