By Winnie Zhu
Dec. 20 (Bloomberg) — China National Petroleum Corp., the nation’s largest oil company, signed an agreement to expand cooperation with Royal Dutch Shell Plc.
The companies will “deepen” the work they do in oil and gas, Beijing-based China National, parent of PetroChina Co., said in a statement on its Web site today, without giving details of their accord.
The pact with Europe’s biggest oil company follows alliances China National has forged this year with Chevron Corp. and StatoilHydro ASA as it seeks to unlock less accessible reserves. PetroChina and Shell started joint gas output from the Changbei field in northern China in March.
“This is a win-win for both Shell and PetroChina,” said Gordon Kwan, head of energy research at CLSA Ltd. in Hong Kong. Shell’s expertise in high-sulfur gas fields and deepwater drilling could help the Chinese company and its parent meet their growth plans, he said.
The pact signals that “strategic cooperation has entered a new phase of development” between Shell and China National Jiang Jiemin, president of the Chinese company, said in the statement. Jiang and Shell Chief Executive Officer Jeroen van der Veer signed the “framework cooperation agreement” in Beijing yesterday.
Liu Weijiang, a spokesman for China National, wasn’t immediately available for comment. Shell’s Beijing-based spokeswoman, Liu Xiaowei, declined to comment.
30-Year Accord
China National signed a 30-year accord with Chevron, the second-largest U.S. oil company, in Beijing earlier this week to jointly produce gas from the Chuandongbei field in southwestern China. Chevron, the operator of the project, will have a 49 percent stake, the U.S. company said Dec. 18.
China National and StatoilHydro, Norway’s biggest oil producer, signed an agreement on “strategic cooperation” in March.
StatoilHydro is looking at opportunities, including both onshore and offshore exploration and production, research and development and possible investments in China’s natural gas market, Ole-Johan Lydersen, vice president of Stavanger-based StatoilHydro’s exploration and production strategy unit, said March 22.
PetroChina, the world’s largest oil company by market value, agreed Sept. 4 to buy 1 million tons a year of liquefied natural gas for 20 years from Shell’s Gorgon project in Australia.
StatoilHydro was created on Oct. 1 when Statoil ASA acquired the oil and gas assets of Norsk Hydro ASA.
To contact the reporter on this story: Winnie Zhu in Shanghai at [email protected] .
Last Updated: December 19, 2007 23:56 EST
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
