Oil Deals with Shell, Chevron and Conoco Show China Is Open to Business [Fortune]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Fortune
President Xi Jinping's delivers his speech at a gathering to celebrate the 40th anniversary of China's reform and opening-up in Beijing on December 18 Tao Zhang Getty Images By Bloomberg 4:07 AM EST China signaled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell Plc new opportunities to develop fields in partnership with the nation’s biggest offshore explorer. China National Offshore Oil Corp. said in Beijing on Tuesday that it had inked oil and gas accords with nine firms. The signing ceremony followed President Xi Jinping’s address to party cadres marking 40 years of reform and broadly underlining the nation’s commitment to global trade. The agreements cover 64,000 square meters in the Pearl River basin, to a depth of up to 3,000 meters. In addition to the Netherlands-b
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