(EnergyAsia, June 2) — Synenco Energy Inc. and SinoCanada, a subsidiary of China-based Sinopec Group, said they have entered into a series of agreements under which Sinopec will pay approximately C$105 million in return for a 40% interest in the Northern Lights oil sands project located in northeastern Alberta in Canada. (US$1=C$1.25). Under the terms of the…
CHINA: Sinopec and Canada’s Synenco announce partnership to develop Northern Lights Oil Sands projec
Posted on June 2, 2005 by EnergyAsia