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Sinopec Building Shale Research Base

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BEIJING (Reuters) — China’s Sinopec Corp. has started building a base for research into shale gas near its largest commercial discovery of the fuel, an industry website reported on Wednesday.

The company, looking to cement its position as China’s leading shale gas developer, plans to spend 339 million yuan ($49 million) building the facility near its Fuling shale project near Chongqing, according to a report by http://www.cnpc.com.cn.

Sinopec spokesmen were not immediately available for comment. … (read more)

via The Japan News

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