read more from latimes...
"PetroChina, Asia's largest oil and gas company, will take full ownership of the MacKay River oil sands project in Canada after Athabasca Oil Sands Corp announced Tuesday it sold the remaining 40% of the development for US$673 million.
The deal continues a trend that has seen China's state-owned oil companies invest billions of dollars in exploration or production ventures in Canada, Africa, Latin America and elsewhere. It gives PetroChina full control of one of Alberta's newest oil sands developments. Athabasca had previously sold PetroChina a 60% stake in two oil sands projects owned by Athabasca."
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