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PetroChina resource

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PetroChina Buys Oil-Sands Project by EDWARD WELSCH JANUARY 4, 2012; excerpt ...

Athabasca Oil Sands Corp. said it was selling a 40% stake in one of its oil-sands prospects to PetroChina Co., a move that for the first time will give full ownership of such a project to a Chinese company. Athabasca is selling its remaining interest in the MacKay River project in northern Alberta to PetroChina for 680 million Canadian dollars, or US$666 million. In 2010, Athabasca sold 60% stakes in MacKay and a separate development, Dover, to PetroChina for C$1.9 billion. Chinese oil companies PetroChina, China Petroleum & Chemical Corp., known as Sinopec, and Cnooc Ltd. have all invested heavily ...

See Fort MacKay, Alberta and Athabasca River 97.87.29.188 (talk) 01:22, 5 January 2012 (UTC)[reply]

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