CHINA JOINS ALBERTA OILSANDS RESEARCH

China's state oil company has bought a stake in an in situ oilsands research project in northern Alberta. China National Petroleum Corp. (CNPC) will invest $6.5 million in the Underground Test Facility (UTF) operated by Alberta Oilsands Technology and Research Authority (Aostra) near Fort McMurray (OGJ, July 15, 1991, p. 31). It is the first foreign research investment for CNPC. The UTF is a joint venture by provincial agency Aostra, the Canadian federal government, and commercial partners

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Companies