Oil sands OK starts option clock for Athabasca

CALGARY, Alberta (Reuters) – Athabasca Oil Sands Corp has won regulatory approval for its MacKay River oil sands project, opening a one-month window that could result in its state-owned Chinese partner taking full control of the development. As part of a previous funding deal, Athabasca and its joint-venture partner, PetroChina, have options to trade the Canadian company’s 40 percent interest in the 150,000 barrel a day project in northern Alberta at a strike price of C$680 million ($665 million). …