PetroChina, Shell to buy Australian energy company for 3.5 bln AUD

11:16, March 22, 2010      

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PetroChina Company Limited (PetroChina), China's largest oil and gas producer, announced on Monday that it will ally with Shell through a joint venture to acquire Arrow Energy Limited, an Australian energy company, for 3.5 billion Australian dollars (3.15 billion U.S. dollars).

Source: Xinhua
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