June 13 - Canada Egypt Business Council
June 13 - Canada Egypt Business Council
June 13 - Canada Egypt Business Council
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Canada</strong> has a privatized oil sector<br />
that has witnessed consolidation<br />
in recent years. Large oil producers<br />
in the country include Imperial<br />
Oil, EnCana, Talisman Energy,<br />
Suncor, EOG Resources,<br />
Husky Energy, and Apache <strong>Canada</strong>.<br />
Much of the regulation of<br />
the oil industry occurs at the provincial<br />
level. In 2009, Suncor and<br />
Petro-<strong>Canada</strong> announced that<br />
they would merge, creating the<br />
largest oil producer in the country,<br />
as well as one of the largest<br />
producers of natural gas.<br />
Current oil sands projects are economically<br />
feasible at crude oil<br />
prices of $18-$20 a barrel, though<br />
the quality of oil produced can<br />
differ according to whether production<br />
comes from reserves that<br />
require drilling assisted by steaminjection<br />
pressure or from simple<br />
mining.<br />
27
Change language