19 April 2024
PetroChina pays $5.4 billion to form JV with Encana
Publication date: 10 February 2011
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PetroChina has become the latest foreign company to buy-in to the North American shale gas revolution after signing a C$5.4 billion (US$5.4 billion) deal with EnCana yesterday to purchase a 50% stake in the Canadian company’s assets in British Columbia and Alberta.