Shell Signs Natural-Gas Deal With CNPC

MARCH 23, 2010, 5:44 A.M. ET

BY SHAI OSTER

BEIJING -- China National Petroleum Corp. and Royal Dutch Shell PLC Tuesday announced plans to jointly develop and produce natural gas in China's Sichuan basin.

In a statement, the Anglo-Dutch giant said the companies have submitted a production sharing contract to the Chinese government for approval.

The agreement comes more than a year after Shell began discussing with CNPC a production sharing contract for ...

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