Chavez ripples head north

Venezuelan strongman’s policies give Exxon reason to expand in Alberta

Gary Park

For Petroleum News

The turmoil in Venezuela, as President Hugo Chavez moves to nationalize heavy oil ventures in the Orinoco Belt, could send some positive ripples in Alberta’s direction. ExxonMobil, having decided to pull up stakes entirely in Venezuela, may now decide to take a major plunge into the oil sands, said....

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ExxonMobil expertise could be applied in Alberta

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Pipeline help on the way