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Chevron to exit Australian shale gas as refining venture sold

2015-03-28 03:16:29| Oil & Gas - Topix.net

Chevron abandoned Australian shale exploration and said it will sell its 50 percent stake in that nation's largest oil refiner. San Ramon-based Chevron notified Beach Energy, its partner in the central Australian shale project, that "the opportunity does not align strategically" with the U.S. explorer's portfolio, according to a statement Friday from Beach.

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