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Bloomberg: Shell Buys 55% in Coalbed Methane Venture in Shanxi, China

By Wang Ying

Dec. 27 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, said it bought a 55 percent stake in a coal-bed methane venture in the northern province of Shanxi.

China’s Ministry of Commerce approved an agreement for Shell to acquire the stake in Verona Development Corp. in a 30- year production sharing contract, the company said in an emailed statement today.

To contact the reporter on this story: Wang Ying in Beijing at [email protected] .

Last Updated: December 27, 2007 03:04 EST

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