SOURCE: Industrial Info Resources

October 01, 2009 08:01 ET

PetroChina to Invest $1.9 Billion in Canadian Oil Sands, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - October 1, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- PetroChina International Investment Company Limited, a wholly owned subsidiary of PetroChina Company Limited (NYSE:PTR) (Beijing) has entered into a series of agreements with Athabasca Oil Sands Corporation (AOSC) (Calgary, Alberta) in which PetroChina will acquire a 60% working interest in AOSC’s MacKay River (formerly Thickwood) and Dover oil sands projects for a consideration of CAD$1.9 billion.

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