GWJr! » PetroChina Oil Gas http://www.glenwilliamsjr.com/web Fri, 11 Jun 2010 00:09:44 +0000 http://wordpress.org/?v=2.9 en hourly 1 Chinese Oil Giant Buys Into Canadian Oil Sands http://www.glenwilliamsjr.com/web/2009/12/chinese-oil-giant-buys-into-canadian-oil-sands/ http://www.glenwilliamsjr.com/web/2009/12/chinese-oil-giant-buys-into-canadian-oil-sands/#comments Wed, 23 Dec 2009 10:15:18 +0000 GWJr! http://www.glenwilliamsjr.com/web/?p=4 Petro ChinaHONG KONG — With a $1.7 billion deal to acquire a majority stake in Canada’s Athabasca Oil Sands Corp, PetroChina made its biggest investment in Canada, which has the world’s second-largest oil reserves. The oil sands that PetroChina plans to exploit are estimated to contain as many as five billion barrels of reserves.

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