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Shell and CNPC has signed an agreement to strengthen cooperation on unconventional resources

09th April 2014

An agreement signed yesterday is intended to build the working relationship between shell and Chinese giant China National Petroleum Corporation, CNPC, to boost production from shale, deepwater and natural gas plays.

Shell CNPC sign pact to work together
The agreement was reportedly signed by CNPC chairman Zhou Jiping and Shell CEO Ben van Beurden in Beijing yesterday.

According to CNPC. “The two companies will strengthen long-term worldwide cooperation in unconventional resources, deep water, LNG, and upstream and downstream businesses. Both agree to take soft power as an integral part in various fields of cooperation, and to promote the strategic partnership between the two sides to a higher level.”

The agreement was reportedly signed by CNPC chairman Zhou Jiping and Shell CEO Ben van Beurden in Beijing yesterday.

CNPC Vice President Wang Dongjin and PetroChina Vice President Bo Qiliang attended the meeting and the signing ceremony.​

Shell has yet to comment on the agreement.

China ranks third in the world for number of shale plays, behind the US and Argentina. In a recent report  

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