Page added on July 19, 2007
The Somali government will receive big bonuses from CNOOC on any significant discoveries of oil it makes in the country, the Financial Times reported.
A production-sharing contract signed in May last year entitles the transitional federal government to 50 mln usd bonuses for any wells yielding over 200,000 barrels a day for 75 consecutive days, the paper said.
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