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China’s Wen seeks energy security in Saudi Arabia 
OPEC cuts oil demand forecast Australia’s Arrow Energy is about to throw out a joint takeover bid from Royal Dutch Shell and PetroChina according to media reports in Australia.
Several analysts have said the bid, worth 2.2 billion euros, significantly undervalues Arrow’s proven and probable reserves of energy.
There is speculation that a refusal could trigger a higher, hostile bid for the firm exploiting Australia’s fast-expanding coal seam gas sector.
More about: Australia, China, Oil marketCopyright © 2012 euronews
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