China's LNG Bidders Seek Favor In The Emperor's Court

摘要

Royal Dutch/Shell , seeking to gain an edge on BP and Exxon Mobil is promising further investment in China through yet another pact with a state oil company, this time China National Offshore Oil Corp (CNOOC)for gas development. Supporting the agreement is a Shell memorandum of understanding to purchase 20% of the planned public offering of CNOOC , set for February 2001 on the Hong Kong and New York Exchanges, up to a maximum of