CNPC Signs Canadian Oil-Sands Agreement
2007-07-02
The Wall Street Journal
http://english.cri.cn/3130/2007/07/02/262@244638.htm
In a sign of the expanding international ambitions of China's oil companies, China National Petroleum Corp. has bought the rights to explore for oil in Canada.
The state-owned parent of Hong Kong- and New York-listed PetroChina Co. will develop an oil-sands field that is estimated to contain about two billion barrels of a thick and hard-to-process form of oil called bitumen.