Total sells 10% in oil sands field in Canada because of low oil prices
Edited by Rhod Mackenzie / 2015-09-22 11:05:57
Against the background of low oil prices, the French oil and gas company Total has decided to reduce its stake in the project for the development of the Canadian oil sands deposit Fort Hills, signed an agreement to sell 10% to its partner and project operator Suncor Energy. The total price of the transaction is approximately $230 million.
