Athabasca Completes Dover Stake Sale to PetroChina

 

Canada's Athabasca Oil Corp said it had closed the sale of its 40 percent interest in the Dover oil sands project to a unit of PertroChina Co Ltd for $1.18 billion.

Athabasca said it received $600 million in cash and $584 million in three interest-bearing promissory notes from the unit, Phoenix Energy Holdings Ltd.

It was not immediately clear if the figure was in Canadian or U.S. dollars.

(Reporting by Ashutosh Pandey in Bangalore; Editing by Kirti Pandey)