IN BRIEF (Page 14)

Two CNOOC fields on stream

CNOOC Ltd said on Monday that two of the company's offshore oilfields had commenced production.

The Weizhou 11-1 east field in the western South China Sea is expected to hit its peak production of more than 3,000 barrels per day within the year. Bozhong 3-2 in the Bohai Bay is projected to peak its daily production at 4,800 barrels within 2010, the company said in a statement.

Gas flows from Sinopec pipeline

Sinopec Corp said on Monday that the company started operation of a pipeline to send natural gas from Sichuan province to Shanghai.

The project, with a total investment of 62.67 billion yuan, is designed to send 12 billion cubic meters of gas per year.

Fubon buys into fund venture

Taiwan-based Fubon Securities Co said it invested 66.6 million yuan ($9.8 million) in a one-third stake in a fund management venture with the mainland's Founder Securities Co.

The venture, Founder Fubon Fund Management Co, will be based in Beijing and have initial capital of 200 million yuan, Fubon Financial Holding Co said.

CCS, Lloyd's establish JV

China Classification Society (CCS) and Lloyd's Register, two of the world's largest classification societies of ships, have set up a joint venture, CCSLR Technical Service Ltd, to provide railway-related services including design, manufacturing, operation, maintenance, assessment and certification for China's rapidly developing railway market.

Coca-Cola unit wins award

Coca-Cola Co has named its China business unit the most outstanding among its global operation in over 200 countries with the Woodruff Cup award.

China is the number one growth market of the group with a double-digit growth for eight years in a row.

Cell phone tech attracts interest

Shanghai-based firm Seimma Tech said its mobile phone payment technology that allows users to pay bills directly from their phones attracted a great deal of interest from potential partners at last week's International CTIA Wireless 2010 in Las Vegas.

Seimma Tech said that its software allows users to "liberate themselves" from ATMs.

Greece to make debt offering

Greece plans to sell seven-year bonds, its first debt offering since the European Union agreed to help the nation finance the region's biggest budget deficit.

Greece may sell the securities at a price to yield about 310 basis points more than the benchmark mid-swap rate, said two bankers involved in the transaction.

Bloomberg News-China Daily

(China Daily 03/30/2010 page14)