Industry Minister Clement Approves PetroChina-Athabasca Oil Sands Corporation Transaction

Posted on December 29, 2009
Today, the Honourable Tony Clement, Minister of Industry, made a statement regarding his approval of an Investment Canada Act application for review made by PetroChina International Investment Company Limited (PetroChina) concerning a proposed purchase of an interest in properties owned by Athabasca Oil Sands Corporation (AOSC). The Minister stated that the transaction is likely to be of net benefit to Canada and described undertakings given by PetroChina regarding expenditures, employment and other matters.
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