BANGKOK: Thailand's PTT Exploration and Production Pcl (PTTEP) and Chinese energy giant CNOOC Ltd have agreed to swap stakes in oil and gas blocks in army-ruled Myanmar, the Thai firm said yesterday.
The deal would see PTTEP hand over its 20% stake in offshore gas blocks M3 and M4 to the Chinese firm in exchange for a 20% share of CNOOC’s A4 and C1 blocks, the company said in a statement.
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