SHELL & CNPC: LNG DEAL
Royal Dutch Shell and the China National Petroleum Corp (CNPC) have signed an agreement for projects in deep sea exploration, LNG, upstream and downstream, CNPC announced.
The agreement was signed by Shell chief executive Ben van Beurden and CNPC chairman Zhou Jiping in Beijing on Tuesday.
Shell also plans to partner with CNPC to build a US$12.6 billion refinery and petrochemical complex in eastern China, a project that could become the single largest foreign investment in the country.
The Dutch supermajor is also a major supplier of LNG to China,…
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