News emanating from the Middle East since the outbreak of the “Arab spring” two years ago has been intermittently nervous, but beneath the headlines, some political seismic shifts have been occurring.
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Tag Archives: Kuwait
Athabasca sanctions $536M oilsands project
CALGARY — Athabasca Oil Corp. announced Wednesday it has sanctioned the construction for $536 million of the 12,000-barrel-per-day first phase of its Hangingstone oilsands project.
The project and another called Birch are to be 50 per cent funded through a joint venture partnership. Athabasca has said it has a tentative deal with two international partners, one of which is believed to be the Kuwait national oil company, but is waiting for finalization before revealing details.
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Dallas optimistic about opportunities in Middle East
The Middle East presents a wealth of business opportunities for Alberta companies, as well as potential investment dollars for the province.
This was Cal Dallas’s assessment following an 11-day trip that took the International and Intergovernmental Relations minister to the United Arab Emirates, Bahrain and Kuwait.
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Alberta minister embarks on Middle East tour to drum up energy business
EDMONTON— Cal Dallas is off to the Middle East to drum up $120 billion of energy investment and sell some of the world’s oil giants on Alberta gas and oil technology.
The minister of International and Intergovernmental Relations heads first to Abu Dhabi Saturday before travelling on to Dubai, Bahrain and Kuwait on a trip expected to cost taxpayers nearly $50,000. He returns Nov. 21.
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Athabasca Oil foreign joint venture hits roadblock
Athabasca Oil Corp. faces new obstacles in completing a long-promised multibillion-dollar joint venture with partners from Kuwait and Spain, months after it said such a deal was imminent.
Read more: http://tinyurl.com/bzry2hy