Abu Dhabi National Said to Be Chasing Canadian Deals
By Joe Carroll
March 30 (Bloomberg) -- Abu Dhabi National Energy Co., the Persian Gulf petroleum and power producer known as Taqa, is hunting for acquisitions in Canada’s tar sands, home of the world’s second-largest crude deposits outside Saudi Arabia, according to two people involved in the search.
Taqa is assessing multiple potential targets that extract crude from Canada’s oil-soaked bogs and river valleys, according to people who asked not to be identified because they weren’t authorized to make the information public.