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According to the media reported that Australia's foreign investment review board (FIRB) recently said not against Australia Molopo energy companies in the Queensland Bowen basin in coalbed methane (CBM) assets sold to
According to the media reported that Australia's foreign investment review board (FIRB) recently said not against Australia Molopo energy companies in the Queensland Bowen basin of coalbed methane (CBM) assets sold to China's largest oil company, China petroleum and natural gas co., LTD. (China petroleum/PetroChina).
Headquartered in Australia's Molopo energy company 12 announced that the company has from the Australian foreign investment review board received the committee not against the deal to continue confirmation.
Australia Molopo energy company last month to agree to a $41 million ($42.9 million) the price in the ATP564P, PLA210 and the PL94 permit a 67.1% stake and the PLA447 and the ATP602P permit 62.9% stake sale to China's oil.
These permit area estimation has about 328 billion cubic feet of proven and approximate coalbed methane (CBM) reserves, most of which permit area distance Gladstone port is about 150 kilometers.
The deal still needs to get China's national development and reform commission approval, Molopo energy company said, the company is expected to be in before the end of September reply.