31.   East Timor is expected to sign a treaty with Australia on Monday dividing oil and gas reserves under the Timor Sea.

32.   Exploration licenses would be awarded for the areas if promising signs of oil or gas reserves are found, a Petronas official said on condition of anonymity.

33.   Foreign capital will mainly be sought for production of undeveloped oil and gas reserves in areas around aging oilfields in east China, the report said.

34.   In addition to rich oil reserves, the Central Asian nation controls the third-largest gas reserves in the world.

35.   In the west, Beijing plans to focus on exploiting oil and gas reserves and building a railroad to Tibet to increase economic opportunities, Zhu said.

36.   It has considerable offshore oil and gas reserves, which are now being tapped with the help of U.S. and Australian companies.

37.   Qatar, which wants to exploit its huge gas reserves through striking international deals, has refused to cancel or postpone the meeting.

38.   Qatar has the third largest gas reserves in the world, after Russia and Iran.

39.   Spex-Oxy is developing the three trillion cubic feet Camago-Malampaya gas reserves in northwest Palawan to beef up major power plants.

40.   The company is now working towards further development of significant proven gas reserves at Sengkang.