1-07-12
Globe and Mail: Athabasca deal gives China an oil sand project of its own - Seven years after China made its first minority investment, PetroChina International Investment Co. is close to owning all of the undeveloped MacKay River project by acquiring the remaining 40 per cent from its joint venture partner, Athabasca Oil Sands Corp. (ATH-T12.13-0.07-0.57%) Athabasca forced the $680-million deal by exercising a clause in the original partnership agreement. Petroleum News: Alan Bailey and Kay Cashman - Pumping up TAPS: TAPS headed for trouble - “The study findings [...]