CHINESE YANTAI GOVERNMENT AND SHANDONG ENERGY GROUP OFFICIALS VISIT GLOBAL OIL SHALE GROUP PLC’S TECHNICAL CENTRE IN FINLAND
In accordance with the Memorandum of Understanding (“MOU”) of September 3rd, 2014 between Global Oil Shale Group Plc and Shandong Energy Longkou Mining Group Co., Ltd. (China), the GOS technical operations in Finland hosted a visit of the Yantai Prefecture Government officials, as well as, separately, technical representatives of Longkou Mining Group.
The MOU between Shandong Energy Longkou Mining Group Co., Ltd. and GOS Group Plc is an agreement for cooperation and investment in development of a new shale oil production facility in Longkou, China. This development will be located adjacent to the current production facilities of the Shandong Energy Group’s operations.
Shandong Energy Group Co., Ltd. is the fourth largest energy company in mainland China based in Shandong Province. It is one of the leading companies using near-surface oil shale in shale oil production in the People’s Republic of China.
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