article thumbnail

Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

Green Car Congress

Overseas, the Group has oil and gas assets in Indonesia, Australia, Nigeria, Argentina, the US and some other countries. The transaction will be effected by way of a plan of arrangement through concurrent proceedings under the Companies’ Creditors Arrangement Act (Canada) and the Canada Business Corporations Act.

Oil-Sands 218