National development and Reform Commission announced yesterday, approved the oil Group acquisition of shell China Petroleum and natural gas exploration and development company which Western Canada British Columbia Groundbirch blocks assets of 20% natural gas liquefaction plant in the lower interest and participation in cooperation projects. Also notice there are 5 other overseas acquisitions projects approved, show that the Chinese oil companies "going global" accelerating pace.

Just a week ago, overseas rumors PetroChina from the shell had signed an initiative to purchase the latter in Canada of a shale gas project agreement of 20% shares. PetroChina spokesman later confirmed that the deal is to buy Shell Canada Grounbirch asset, agreement was completed on February 1. Spokesman said it was China's oil company to invest in a series of North American shale gas and oil sands resources in the latest progress.

Market analysis says that oil group plans to spend more than 1 billion dollars to buy Canada Groundbirch shares.

In June last year, Shell Oil group has signed a global cooperation agreement, and a joint venture to set up a construction (50% of China Petroleum shareholding, Shell's stake in 50%) shareholders agreement. Shell's Chief Executive Fu Sai said, shell and PetroChina will be innovative and cost-competitiveness of the technology development of natural gas resources. The industry generally believe that the joint venture which is prepared for the exploitation of unconventional gas. Due to the tight gas, shale gas and coal bed methane and other unconventional natural gas for large scale commercial exploitation tend to last for years, drilling hundreds of ports each year.