PetroChina (PTR) says it will seek to increase cooperation with companies including Exxon (XOM),...

|About: PetroChina Company Limited (PTR)|By:, SA News Editor

PetroChina (PTR) says it will seek to increase cooperation with companies including Exxon (XOM), BP, Shell (RDS.A), Chevron (CVX) and Eni (E), potentially teaming up to make acquisitions or joint exploration activities, as it makes expansion abroad a priority. PTR plans to invest ~$60B this decade in global oil and natural gas assets to increase the share of overseas output to half of its total.