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China embraces shale-gas partners

Little is known of the precise scope of the BP talks, but they are running "smoothly", Sinopec's official newsletter reported last month. "This initiative would help China use advanced foreign concepts and technologies to speed up the development of China's potentially large shale gas reserves," the state-owned People's Daily said. Sinopec has classified 2,000 square km in Kaili, Guizhou province, and 1,000 square km in Huangqiao, Jiangsu province, as possible areas for co-operation between the two companies. BP has not commented on the announcement. In November, Shell signed an agreement with PetroChina to develop shale-gas resources in Sichuan province in the southwest. That followed a su

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