Canada oil sands lure global majors
Published: Thursday, 21 June, 2007, 01:45 AM Doha Time
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=156432...
FORT MCMURRAY, 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.
Foreign bids worth tens of billions dollars are expected in the coming years as global oil companies look for new opportunities, say analysts.
