(EnergyAsia, March 17) — Canada’s EnCana Corporation has closed the previously-announced sale of all of its oil and pipeline interests in Ecuador to Andes Petroleum Company, a joint venture of Chinese petroleum companies, for approximately US$1.42 billion. The sale occurred via the transfer of shares in certain EnCana subsidiaries. The sale proceeds are approximately…
CHINA: EnCana closed sale of Ecuador interests to Andes Petroleum Company for US$1.42 billion
Posted on March 17, 2006 by EnergyAsia