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Chinese energy giant PetroChina considers selling its Western holdings
PetroChina may withdraw from Australian and Canadian projects, according to reports in Reuters. PetroChina may sell its stakes in natural gas projects in Australia and oil sands in Canada, Reuters reported on Tuesday, citing its sources. The Chinese company reportedly wants to cut its losses and divert funds to sites in the Middle East, Africa, and central Asia. This follows a similar strategic shift by another Chinese energy major, China […]