Royal Dutch Shell to expand upstream presence in China

With the living standards rising and new sectors of the economy opening up in China, oil giant Royal Dutch Shell aims to expand its presence in the country in both upstream and petrochemical manufacturing sectors.

"While we have a quite profitable business in China, it's yet small in relation to the size of the country, and China can play a bigger role in our ambition to be a world-class investment case," said Ben van Beurden, CEO of Royal Dutch Shell PLC, during an interview with China Daily.

"Shell, as an importer of gas, as well as a very strong domestic producer of gas, will continue to work with the country's State-owned enterprises to understand how we can participate in other projects, either directly through investment or technical services, to help domestic players develop domestic resources."