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April 15, 2009

Shell intends to join hands with the Chinese oil enterprise for bidding project in Iraq

Filed under: Financial News — Tags: — Nancy @ 8:21 am -0700

Shell intends to join hands with the Chinese oil enterprise for bidding project in Iraq
Iraq has become a unrealistic stage which Royal Dutch Shell in pursuit of its membership interests in China, which Anglo-Dutch energy company said yesterday that it might seek to cooperate with Chinese enterprise to develop Iraqi oil fields. For Shell and the two Chinese largest state-owned oil companies – China National Petroleum Corporation (PetroChina) and Sinopec (Sinopec) – are jointly bidding for Iraqi oil, which to negotiate licenses to conduct in-depth, the media coverage – (the report did not indicate the source), the outgoing CEO of Shell, Jeroen van der Veer made a respond in Beijing yesterday.

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