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IOCs take interest in Canada as world oil prices rebound
A gradual rebound in world oil prices over the last few months has led to a small resurgence in interest from international oil and gas companies, who have started to invest again in Canada. ConocoPhillips and Petronas, both of which sold assets within the last two years, have reinvested in the region as prices have rebounded. The international exodus started in October 2016 after the decline in world oil and gas prices made international oil companies skeptical of the......
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