Alberta First Nation Signs Oil and Gas Deal with Chinese Firm

The Nakoda Stoney Nation, an Alberta-based First Nation, has signed a deal with Hong Kong-based Huatong Petrochemical Holdings Ltd. to explore and develop oil and natural gas on its land near Calgary. Under the terms of the deal, Huatong is to provide the funding and Nakoda Oil & Gas Inc. is to be the primary operator of a new joint venture company.

Via: Asia Pacific Foundation of Canada

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