• From The BBC:

    PetroChina, Asia’s largest oil company, has signed a $41bn (£25bn) deal to purchase gas from a field off Australia’s north-western coast.The pact is the largest trade deal in Australian history and was hailed by Prime Minister Kevin Rudd. “This agreement provides the basis for the creation of thousands of jobs and also injecting billions of dollars into our economy,” he said. The 20-year deal comes despite recent tensions between Australia and China. ‘We need China’Last week, four employees of Anglo-Australian mining giant Rio Tinto were formally arrested in China on suspicion of stealing Chinese trade secrets and taking bribes. Stern Hu, head of Rio’s iron ore operation, was later charged with commercial spying. Rio had pulled out of a deal that would have seen it receive a $19.5bn investment from China’s Chinalco. A diplomatic row has also broken out over a visit to Australia by exiled Uighur activist Rebiya Kadeer, who Beijing accused of inciting the recent riots between ethni…

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    Posted by Jon @ 8:39 am

1 Comment to PetroChina in huge Australia deal

  • This deal really help a lot of people to work and earn. Nice to hear that Australia and China came up to this deal that both countries will benefit

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