RSS Feed
Globe and Mail: Kuwait's state-owned petroleum company has signed a preliminary deal to invest as much as $4-billion in a joint venture with Athabasca Oil Corp. to develop some of its oil sands properties in northern Alberta.
Kuwait's Ambassador to Canada, Ali al-Sammak, confirmed in an interview that senior Kuwait Petroleum Corp. officials signed a memorandum of understanding earlier this month. A final agreement is expected in October.
"It's a plus-or-minus $4-billion deal and in October they'll be coming......
Read Complete Article at Water Conserve: Water Conservation RSS News Feed
Kuwait to Invest Up to $4 Billion in Canadian Oil Sands
Posted by Globe and Mail: Shawn Mccarthy, Jacquie Mcnish AND Carrie Tait on August 31st, 2012
Posted in Water Conservation