China in major Canadian oil sands deal
PetroChina puts up C$1.9 billion for 60% stake in two Athabasca Oil Sands Corp. projects, MacKay River and Christina Lake
For Petroleum News
China is back in the Alberta oil sands, in a big way. PetroChina is spending C$1.9 billion for a 60 percent stake in two projects being developed by privately held Athabasca Oil Sands Corp.
If the deal gets foreign investment and national security clearance from the Canadian government and is concl....
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China toeholds established
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