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NEWS RELEASE · 17th October 2012
Du Juan -
PetroChina Co Ltd has started drilling its oil sands field in Canada on Sept 30, a big step in the company's overseas oil sands exploration development, the company said on Monday.

PetroChina International Investment Ltd, a subsidiary of PetroChina, bought a 40 percent stake in the MacKay River oil sands project of Canada's Athabasca Oil Sands Corp in February for C$680 million ($693 million).

Canadian regulators had previously allowed PetroChina to buy 60 percent of the project for C$1.9 billion in November 2011, according to Xinhua News Agency.

The MacKay River oil sands project is located in Alberta province in northwestern Canada, a region that contains 85 percent of the world's oil sands.

According to PetroChina, the depth of the oil reservoir is between 160 and 200 meters.

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Who's your Daddy?
Comment by Janice Robinson on 19th October 2012
All you "middle class Canadian citizens" who have been faithfully schlepping to the polls, and stupidly believing your successful candidates have been courageously representing your best interest (present and future) need to seriouly give your political heads a shake.

They can be compared to Indian "leaders" (past and present) who began selling our ways of life and the environment, just so that rich Europeans could prance around with felt hats while leaving tons of beaver carcasses to rot. White and Indian politicians drunkenly stood about, with open pockets whenever Hudson Bay or Northwest Company officials came around. Money, booze and useless trinkets for all the political whores.

So, what's the difference today? Lol. Same crap, different and bigger piles. all are here with us now! Welcome to Tsimshian Territory.

China owns Wall Street, for starters.

Don't you forget it.