Heavy Oil Investing News » Petrocan backs off oil sands

Petrocan backs off oil sands

November 24, 2008 @ 10:51 am In Heavy Oil Company News

For the second time in five years, Petro-Canada backtracked on its oil-sands plans, deferring until next year a decision on whether to proceed with a bitumen mine near Fort Mc-Murray, Alta., and shelving indefinitely construction of an upgrader near Edmonton.

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