VIET NAM, CHINA SEEK EXPLORATION

Viet Nam and China are updating oil and gas licensing and production sharing terms to attract more participation by foreign companies. Among recent developments: Officials of Petrovietnam, Viet Nam's state oil company, at a meeting in Houston reviewed major terms and conditions of production sharing contracts (PSCs). Mao Zefeng, director of the contracts and legal department of China National Oil & Gas Exploration & Development Corp. (Cnodc), Beijing, said regulations covering licensing and

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