CNPC Takes Big Gamble with Canadian Oil Sands Projects

(Beijing) – The country's largest producer of oil, China National Petroleum Corp. (CNPC), is to complete a deal to get the final 40 percent of the Dover oil sands project in Canada from Athabasca Oil Corp. in June. The Canadian company will withdraw from the joint venture that had been in charge of the project, said a source close to the transaction.