Petrochina acquires Canadian oil sands assets

Petrochina said it has completed the acquisition of certain oil sands assets from Canada’s Athabasca Oil Sands Corp. (AOSC), after the company received the necessary approvals from both the Chinese and the Canadian governments. PetroChina International Investment Co. Ltd., as a wholly owned subsidiary of PetroChina, will jointly develop the oil sands projects at MacKay River and Dover with AOSC pursuant to the terms of the acquisition agreement. (March 12, 2010)