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CNPC signed contracts on January 15 with the Myanmar Ministry of Energy on conducting crude oil and natural gas exploration at three deep-sea blocks off Myanmar's western Rakhine coast. CNPC Vice-President Liao Yongyuan attended the signing ceremony.
Under the production sharing contracts signed between CNPC and Myanmar Oil and Gas Enterprise, oil and gas exploration will be carried out at blocks AD-1, AD-6 and AD-8 off the Rakhine coast, covering a total area of 10,000 square kilometers.
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