PetroChina to take oil sands stake for $1.7B

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PetroChina to take oil sands stake for $1.7B


Aug 31, 4:26 PM (ET)

By ROB GILLIES

TORONTO (AP) - PetroChina Co., Asia's largest oil and gas company, is making a $1.7 billion investment in the Canadian oil sands.

Athabasca Oil Sands Corp. said Monday that PetroChina is buying a 60 percent working interest in its Mackay River and Dover oil sands projects in northeastern Alberta.

http://apnews.myway.com/article/20090831/D9AE33TO0.html
 
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