Oil Market Update (December 27, 2012)
Chevron will also acquire a 50-percent stake in the proposed Pacific Trail Pipelines project and 644,000 acres of drilling rights in British Columbia's Horn River and Liard basins, according to a statement from the company.
Chevron will be a 50-50 partner in Kitimat with Apache (NYSE:APA) and will operate the LNG terminal and pipeline.
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