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UPDATE: PetroChina Buys 20% Stake in Shell Canada Groundbirch Shale Asset

  • -- PetroChina says it has completed stake acquisition, declines to disclose cost
  • -- PetroChina hopes to gain experience in unconventional gas production, it says
  • (Adds Canadian prime minister's visit and details of PetroChina's and other Chinese companies' investments)
  • HONG KONG (Dow Jones)--PetroChina Co. (PTR) has signed binding agreements to buy a stake in a Royal Dutch Shell PLC (RDSB.LN) shale gas asset in Canada, marking the latest move by Chinese state-owned companies to expand their Canadian footprint and increase their ability to tap unconventional fossil fuels.
  • Beijing-based PetroChina said ...

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