Site Search  Search youth.cn
Study in China Job/Internship Learning Chinese
Study in China more...
· Tsinghua University
· Universities
· A Brief Introduction to Chinese Visa and the Procedure for Visa Application
Job/Internship more...
· Job Opportunities for English Native Speakers
· English teacher
· Lucent interns
· Internship Opportunities
· English teacher
Learning Chinese more...
· A priceless treasure无价之宝
· A swan feather sent from one thousand li away千里送鹅毛
· A MESSAGE TO MENG HAORAN 赠孟浩然
Canada's Athabasca to sell oilsand stake to PetroChina

Canada's Athabasca Oil Sands Corp announced on Monday that it plans to sell a 60-percent working interest in its two oilsand projects to PetroChina, a Chinese energy giant.

PetroChina will pay C$1.9 billion ($1.7 billion) for the MacKay River and Dover oilsand projects. The agreements also provide for certain financing arrangements for Athabasca.

The projects are located in the center of Athabasca region in northeastern Alberta, an oil-rich province in western Canada. The company says they contain approximately five billion barrels of bitumen, which can be refined into conventional oil.

"Oilsands projects are very capital-intensive long-term investments and difficult to fully finance in the traditional equity market," Athabasca Chairman Bill Gallacher said in a press release.

"These strategic joint venture arrangements with PetroChina, one of the world's largest energy companies, can ensure that the MacKay River and Dover projects will be developed in (a) timely manner, which is excellent news for Alberta and the rest of Canada," Gallacher added.

Athabasca is focused on the sustainable development of oilsand resources in northern Alberta with net working interest in over 1.3 million acres.

 

 
 
 Source : Xinhua  Editor: Ivy
Related:
· PetroChina sets up joint venture with Venezuela national oil company
· PetroChina to raise 100 bln yuan for major business
· PetroChina's Dushanzi refinery starts operations
· PetroChina, ExxonMobil ink LNG deal
· PetroChina, ExxonMobil ink LNG deal
· PetroChina sets up joint venture with Venezuela national oil company
· PetroChina to raise 100 bln yuan for major business
· PetroChina sets up joint venture with Venezuela national oil company
  在 线 查 词  
 
 
     



Privacy  |  About Us  |  Copyright  |  Advertisement  |  Contact Us