Royal Dutch Shell is partnering with Chinese companies to enter a joint bid on oil fields in Iraq, Reuters reports. China was the first country to successfully bid on a major oil deal in post-Saddam Iraq:
“We indeed have discussions about bidding…and Chinese companies for certain are part of the bidding partnerships,” Chief Executive Jeroen van der Veer told reporters while in Beijing. He did not give the names of the Chinese firms or the makeup of any partnership.
April 14, 2009 11:23 AM