Shell (RDS.A) and PetroChina (PTR) deny reports they've received regulatory approval for their...

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

Shell (RDS.A) and PetroChina (PTR) deny reports they've received regulatory approval for their proposed A$3.45B ($3.2B) acquisition of Australia's Arrow Energy, saying an application was filed with the Foreign Investment Review Board only last week. The FIRB usually takes 1-4 months to decide on takeover applications.