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Shell enters China's Shale Oil sector
April 9, 2019

Shell enters China's Shale Oil sector

China is making efforts to penetrate into massive unconventional resources and is developing its shale gas assets. As a part of this initiative, oil major Shell has signed an agreement with Sinopec to study an East China block. Presently, shale oil makes up to only 1% of the nation's crude output. Sinopec has now put its hope on Shell's expertise in shale oil exploration for the development of China's resources.

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