Ottawa approves Sinopec stake in Syncrude

衣食住行

Ottawa has approved the $4.65-billion-US deal that will see Sinopec, the state-owned Chinese energy company, acquire a stake in Alberta’s giant Syncrude oilsands project.
8 M4 P" _8 ]& E  [! e0 X% e$ PIndustry Minister Tony Clement said Friday Sinopec’s purchase in April of the 9.03-per-cent stake in Syncrude held by ConocoPhillips “is likely to be of net benefit to Canada.”
“Through its investment, Sinopec is acquiring a minority interest of 9.03 per cent in Syncrude,” Clement said in a statement.
/ I- R9 F1 z; i“There are seven other partners in Syncrude who control the remaining 90.97 per cent.
+ c3 k+ X3 B4 T) V. N- W: A0 A* |! q“This transaction will not change the level of Canadian control of Syncrude, which will remain at 55.97 per cent.”
6 Y" R. v2 E8 O- i# V3 l1 bSyncrude is owned by: Canadian Oil Sands Trust with a 36.7 per cent stake; Imperial Oil, which is controlled by ExxonMobil Corp. and operates the facility, owns 25 per cent; Suncor Energy Inc. has a 12-per-cent stake; ConocoPhillips’ nine per cent, now sold to Sinopec; Nexen Inc. holds seven per cent; Murphy Oil Corp. owns five per cent, as does Mocal Energy Ltd.

yuz967

kankan

094