CNOOC plans oil spill fund

Fishermen in Laoting, Hebei province, hold nets of dead scallops they say were killed by the oil spill in Bohai Bay, on Sunday. Zhai Yujia / China News Service

BEIJING - China National Offshore Oil Corp (CNOOC) is to establish a compensation fund to pay for the damage caused by the huge oil spill in China's northeast Bohai Bay.