Nov 10, 2010

PetroChina, Shell ink joint projects



PetroChina Co and Royal Dutch Shell have agreed to jointly work on an oil and gas project in Canada and a coalbed methane block in north China, the Chinese company said on Wednesday. 
The two oil giants signed a Memorandum of Understanding for the project in Canada. The two companies also signed an agreement to jointly evaluate coalbed methane reserves in the Daning block of Erdos Basin in north China, PetroChina said on its website. 
Both PetroChina and Shell declined to give further details on the agreements on Wednesday.
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Source: People's Daily Online 

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