May 11th, 2015
by John Donovan.
By 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.
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