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"PETROCHINA ACQUIRES BHP BILLITON'S BROWSE STAKE FOR $1.63BB
Asia's largest oil and gas producer PetroChina has agreed to pay BHP Billiton $1.63 billion for its holding in Woodside Petroleum's proposed Browse liquefied natural gas project in Western Australia, the latter said in a statement Wednesday.
PetroChina will acquire an 8.33 percent stake in the East Browse joint venture and a 20 percent share in the West Browse project, thus allowing the Chinese giant to gain access to Australia's natural gas resources, BHP disclosed"
Tuesday, December 11, 2012