China Allows More Shale Bids

摘要

China plans to allow more domestic firms to take part in its inaugural bid round for shale gas blocks later this year, when they will be allowed to cooperate with foreign partners. Dow Jones Newswires quoted a land and resources ministry official as saying a more diverse group of bidders will benefit the nascent shale sector, where technology and knowledge of fracturing techniques is still very limited. Besides state oil firms PetroChina, Sinopec, China National Off- shore Oil Corp.