PetroChina has agreed to invest in two natural gas exploration projects in Western Australia in partnership with the US oil major ConocoPhillips, with the two companies also joining hands to explore for shale rock gas in south-west China.
As its name suggests, PetroChina Company Ltd is the listed arm of state-owned China National Petroleum Corporation (CNPC). It is China's biggest oil producer, and is listed in Hong Kong, New York, and Shanghai.
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