Shell, CNPC sign long-term cooperation deal on shale, other projects


Royal Dutch Shell (RDS.A, {{RDS.B]]) and China National Petroleum (SNP) sign a long-term deal to collaborate on projects in unconventional resources such as shale, the deepwater and liquefied natural gas spheres, and other upstream and downstream projects.

Ben van Beurden, in his first overseas visit since becoming Shell's CEO, tells CNPC Chairman Zhou Jiping that both sides have set up deep and wide-ranging ties and have huge room for further cooperation.

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