Statoil completes the sale of its oil sands business

Statoil and Athabasca Oil Corporation (TSX: ATH) have completed their previously announced transaction, whereby Statoil has sold its entire oil sands operations in the Canadian province of Alberta to Athabasca.
The divestment includes the producing Leismer demonstration plant and the undeveloped Corner project, along with a number of midstream contracts associated with Leismer’s production. …