Gas joint venture posts more than $300m in losses
Colin PackhamEnergy and resources reporter
Shell and PetroChina’s joint venture Arrow Energy now owes its shareholders more than $US2 billion ($3 billion) after the Australian entity posted an annual loss of more than $300 million in 2022.
The result extends the poor run endured by Arrow Energy, which has posted a string of annual losses since the joint venture was created a decade ago.
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