Tar Sands Trade: Kuwait Buys Stake in Alberta As It Opens Own Heavy Oil Spigot

DeSmogBlog
By Steve HornOct 14, 2014, 4:35 pm230 pts
Chevron made waves in the business world when it announced its October 6 sale of 30-percent of its holdings in the Alberta-based Duvernay Shale basin to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for $1.5 billion. It marked the first North American purchase for the Kuwaiti state-owned oil company…

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