Thursday, December 20, 2007

CNPC and Royal Dutch Shell agreed to expand cooperation

China National Petroleum Corporation (CNPC) has agreed to expand cooperation with Royal Dutch Shell, at a ceremony held at the Diaoyutai State Guesthouse in Beijing. However, no specific details about the expansion plans have been provided. Shell has entered into a joint venture agreement with CNPC subsidiary PetroChina, to develop the Changbei gas field in northwest China's Shaanxi province, operational since early this year. Shell is also involved in construction of a large-scale petrochemical industrial park with the China National Offshore Oil Corporation (CNOOC) in southern China's Guangdong province.

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