Economy
PetroChina, Shell to buy Oz firm for $3.1b
(Xinhua)
Updated: 2010-03-22 11:32
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BEIJING - 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 A$3.5 billion ($3.15 billion).
