News // Companies
CNPC May Buy Petro-Canada Assets
07 April 2009 , 09:15Reuters1271
CNPC, parent of PetroChina has approached Petro-Canada and Suncor Energy — who are in the process of merging — regarding the purchase of the assets, Reuters reported referring to the South China Morning Post.
Petro-Canada's international unit owns assets in Trinidad and Tobago, Libya, Syria, and the North Sea. In March, Suncor agreed to buy Petro-Canada in an all-share deal, initially valued at $15 billion, to create Canada's largest oil company and the dominant player in the country's vast oil sands.
Any discussions regarding the future plans of the combined company would have to wait until the merger is completed, Suncor spokesman is quoted as saying.
10:09 22.08.2017France’s Total buying Denmark’s Maersk Oil for $7.5 billion
18:00 21.07.2017Rosneft aims to dump Citgo stake as U.S. sanctions loom
16:03 19.07.2017Gazprom Neft rolls out improved seismic prospecting technology
12:10 12.07.2017Volga Gas working on several fronts to push up production in Russia
14:15 07.04.20171st shipment of CNPC's equity oil sets sail from UAE to China