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Total sells an asset to CNRL
Sept. 1, 2018

Total sells an asset to CNRL

The oil major of France, Total, along with its partners, has decided to sell its Alberta’s Joslyn oil sands project. The oil sands project will be sold to Canadian Natural Resources Limited (CNRL) in Canadian $225 million. Total had 38.25% stake in Joslyn project. CEO of Total said that this move will lower their exposure to Canada’s oil sands but their strategy now is to focus on low breakeven resources.

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