Chinanews, Beijing, Jan. 19 - China National Petroleum Corporation said on Wednesday that it had signed an official contract with Myanmar for exploiting the oil resources in three deep ocean zones in the country, Beijing Morning Post reported.

 

The three deep ocean zones are located in the coastal areas in Rahkaing State with a total area of 10,000 square kilometers.

 

So far, the three Chinese oil giants, namely Sinopec, China National Petroleum Corporation and China National Offshore Oil Corporation (CNOOC), have kicked off all their oil projects in Myanmar. Their total exploitation area in Myanmar is larger than the Bohai Sea.