Heavy Oil Investing News » Sinopec raised Canadian Oil sand stake to 50%

Sinopec raised Canadian Oil sand stake to 50%

April 15, 2009 @ 8:45 am In Heavy Oil Company News

Sinopec, China's leading oil producer, has just purchased a further 10% equity stake in the Canadian oil sand project ‘Northern Light' from Total, making its stake in the project an equal 50/50 split with Total.

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[1] here: http://www.tcetoday.com/tcetoday/NewsDetail.aspx?nid=11641