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CANADA-ENERGY-OIL-TAKEOVER
President of Total E&P Canada Ltd., Michael Borrell speaks during an interview at the Steam Assisted Gravity Drainage (SAGD) facility in the oil sands fields north of Fort McMurray12 June 2007 in Joslyn, Alberta, Canada. With world oil prices hovering at near nine-month highs and global energy firms flush with cash, analysts are predicting that control of Canada's booming oil sands sector could soon fall into foreign hands. Analysts said Canadian companies such as UTS Energy, Canadian Oil Sands, Opti Canada and Western Oil Sands with properties in northern Alberta are likely takeover targets. "When you look at the high cost and technical expertise needed to develop the oil sands, clearly the largest petroleum companies are the most-suited for the job," Borrell told AFP. AFP PHOTO/David BOILY == WITH AFP STORY: CANADA-ENERGY-OIL-TAKEOVER BY GUILLAUME LAVALLEE ==
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Detalii fotografie |
| Loc: |
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Joslyn, Alberta, CANADA |
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| Sursa: |
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AFP / Mediafax Foto |
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| Fotograf: |
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DAVID BOILY |
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| Data: |
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12 Iunie 2007 |
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| Dimensiuni: |
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2489 x 3659 (4.98 MB) |
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