Tag: Sands

Asian Oil Takeover? PetroChina Buys Out MacKay River Oil Sands Project In Canada

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Asian oil takeover? PetroChina became the first Chinese state-owned company to wholly own MacKay River Oil Sands Project in Canada, a Canadian oil sands development after agreeing on Tuesday to buy out its partner’s stake in a newly approved project for $680 million Canadian dollars and $674 million US dollars. Calgary-based Athabasca Oil Sands Corp …

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