Court Accepts Fishermen Comp. Case Against ConocoPhillips

BEIJING (Dow Jones Newswires), Dec. 30, 2011

A maritime court in China has ruled that a case filed by Chinese fishermen seeking compensation against the China unit of ConocoPhillips (COP) as a result of an oil spill should be heard, the Xinhua News Agency reported Friday, citing the Tianjin Maritime Court. 
Earlier this month, more than 100 fishermen from northern China's Hebei province filed a lawsuit against ConocoPhillips China, seeking $77.8 million (CNY490 million) in compensation for the oil spill at the Penglai 19-3 oilfield which they said killed many of their clams and sea cucumbers, Xinhua said. 
ConocoPhillips China wasn't immediately available for comment. 
The unit earlier this month said the environmental impact of the spill was very small, and promised to establish a fund to provide compensation to the fishermen, but didn't give more details. 
Zhoudong Shangguan contributed to this article.

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