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Index / Oil (Tar) Sands / Economics

Companies are reviving projects in Canada's oil-sands region, a sign that life is returning to an industry hit hard by the economic downturn.
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Find Out More »  |  Open Resource  |  2010/01/23  |  435 Report Broken   Tell A Friend

Index / Oil (Tar) Sands / Economics

Canadian oil producer Athabasca Oil Sands Corp. has exercised its option to sell its remaining 40 per cent interest in the MacKay River oil sands project to Cretaceous, a unit of Chinese oil giant PetroChina for about C$680 million. The deal, announced this morning, comes less than a week after Alberta regulators approved the planned 150,000-barrel-a-day northern MacKay River project, in Alberta, Canada. With this sale, PetroChina takes full ownership of this development, one of the latest northern Alberta’s oil sands projects, following a growing trend of Chinese companies ... More →
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Find Out More »  |  Open Resource  |  2012/01/03  |  597 Report Broken   Tell A Friend
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