Shell sees cooperation as key to expansion

Global energy giant plans to continue working with SOEs to help local players better develop domestic resources

Global energy giant Royal Dutch Shell Plc plans to expand its presence in the country in both the upstream and petrochemical manufacturing sectors, while continuing to cooperate with the country's State-owned enterprises to further participate in oil and gas projects through direct investment or technical services.

"At the moment we have a quite profitable business in China, but it's small in relation to the size of the country," said Ben van Beurden, CEO of Royal Dutch Shell Plc. "So while I am happy with the results from China, the country needs to play a bigger role in our ambition to be a world-class investment case."