Athabasca Oil completes Dover stake sale to PetroChina unit

Fri Aug 29, 2014 2:09pm EDT
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Aug 29 (Reuters) - 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 PetroChina 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)