Filed under: Uncategorized | Tags: Alberta, Canada, China, ECA, Encana, energy, energy security, PetroChina
PetroChina Co. (857) agreed to pay Encana Corp. (ECA) C$1.18 billion ($1.2 billion) for a 49.9 percent stake in an Alberta shale formation as Asia’s biggest oil producer steps up acquisitions of overseas oil and gas assets.
via PetroChina Pays $1.2 Billion to Form Encana Joint Venture – Bloomberg.
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