And oil prices keep falling — they have kicked off the week in the red, with U.S. prices trading below $48 a barrel.
PetroChina Mining News
Through a series of financing deals with state-owned oil company PetroEcuador, China has coaxed the Latin American country into submission.
Athabasca Oil's share price drops 14%.
Canadian oil producer Athabasca Oil Sands Corp. (TSX: ATH) has exercised its option to sell its remaining 40 per cent interest in the MacKay River oil sands project to Cretaceous, a unit of Chinese oil giant PetroChina for about C$680 million.