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Petrochina completes acquisition of Canadian oil sands assets

Petrochina announced that after the company having obtained the approvals from the Chinese government and the Canadian governments in respect of the acquisition of certain oil sands assets from Canadas Athabasca Oil Sands Corp. (AOSC), PetroChina International Investment Co. Ltd. and AOSC officially entered into the documents related to the acquisition on February 10, 2010 and completion simultaneously took place in Calgary, Alberta. PetroChina International Investment Co. Ltd., as a wholly owned subsidiary of PetroChina, will jointly develop the oil sands projects at MacKay River and Dover with AOSC pursuant to the terms of the acquisition agreement. (March 12, 2010)