Thursday, April 16, 2009

Shell Studies Iraqi Oil-Field Investment With China (Update2)

By Eugene Tang

April 14 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s largest oil producer, is in talks with Chinese companies on bidding jointly for contracts to develop Iraqi crude deposits as the Middle Eastern country seeks investment to boost production.

“We are in the process of forming partnerships for certain bids and Chinese companies are part of that,” Chief Executive Officer Jeroen van der Veer told reporters in Beijing today. The deadline for proposals will probably be at the end of June or early July, he said, without identifying potential partners.

in:
http://www.bloomberg.com/apps/news?pid=20601102&sid=auR0J647RP.8&refer=uk