China National Petroleum Corp and Athabasca Oil Corp of Canada close to deal

Chinese state owned energy giant China National Petroleum Corp and Canada's Athabasca Oil Corp announced on July 30^th that they expect to close a US$1.23 billion contract for an  oil-sands operation in Alberta Canada according to PetroChina spokesperson

Mao Zefeng, while an Athabasca representative also stated that the Canadian firm is closely cooperating with CNPC officials to close the deal.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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