MY FAVORITE PAGES

Monday, May 11, 2015

Shell to take over marketing most of Alberta’s oil-royalty barrels

Shell to take over marketing most of Alberta’s oil-royalty barrels

Screen Shot 2015-01-29 at 13.58.27
Screen Shot 2015-01-06 at 21.26.38By Nia Williams
CALGARY, Alberta, May 11 (Reuters) – Shell Trading Canada, a unit of Royal Dutch Shell (Xetra: R6C1.DE –news) , will take over the task of marketing nearly all the barrels of crude oil that the province of Alberta receives from producers as royalties.
From June 1, Shell (LSE: RDSB.L – news) will market 90 percent of the nearly 70,000 barrels per day of conventional crude that Alberta takes in lieu of cash royalties, according to a statement on the Alberta Petroleum Marketing Commission (APMC) website.



The TRUTH will set you FREE.

No comments:

Post a Comment