Iraq has become an unlikely stage on which Royal Dutch Shell is pursuing its interest in China, as the Anglo-Dutch energy company indicated yesterday it might seek to partner Chinese companies to develop oil fields in Iraq.
In Beijing yesterday Jeroen van der Veer, Shell's outgoing chief executive, responded to unsourced media reports that Shell was in advanced talks with PetroChina and Sinopec – two of China's biggest state-owned oil companies – to bid jointly for oil licences in Iraq.
Such a venture could help Shell win oil licences in China, which the company views as an important future market.
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