HONG KONG, March 8 (Reuters) - PetroChina's
<0857.HK><601857.SS> joint bid for Australia's Arrow Energy
Arrow Energy said earlier that the joint bid would give shareholders A$4.45 cash per share plus a share in a new entity in a deal worth at least A$3.3 billion ($3 billion). [ID:nSGE62602]
PetroChina would increase capital spending this year with a focus on overseas investments, Chairman Jiang Jiemin told reporters on the sidelines of the annual session of parliament on Monday.