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The Crown Investments Corporation (CIC) is a Crown corporation owned by the Government of Saskatchewan. It functions as a holding company to manage the province's commercial Crown corporations, as well as the provincial government's minority holdings in private sector ventures.
Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to
According to this figure, Canada's reserves are third only to Venezuela and Saudi Arabia. Over 95% of these reserves are in the oil sands deposits in the province of Alberta. [2] Alberta contains nearly all of Canada's oil sands and much of its conventional oil reserves. The balance is concentrated in several other provinces and territories.
Saskatchewan is Canada's second-largest oil-producing province after Alberta, producing about 13.5% of Canada's petroleum in 2015. This included light crude oil, heavy crude oil, and natural-gas condensate. Most of its production is heavy oil but, unlike Alberta, none of Saskatchewan's heavy oil deposits are officially classified as bituminous ...
Azerbaijan Investment Holding / State Oil Fund of Azerbaijan: 75: Oil & Gas Brunei [48] Brunei Investment Agency: 73: Oil & Gas Tanzania: Natural Gas Revenue Fund: 66.4 Oil & Gas Ethiopia [49] Ethiopian Investment Holdings: 46.0: Non-commodity Oman [50] Oman Investment Authority: 41.5: Oil & Gas Libya [51] Libyan Investment Authority: 38.8: Oil ...
(Reuters) -The Canadian province of Saskatchewan on Wednesday forecast a deficit of a C$463 million ($369 million) in the 2022-23 fiscal year, less than a fifth of last year's C$2.6 billion ...
Reserves are the main asset of an oil & gas company; booking is the process by which they are added to the balance sheet. Contingent and prospective resource estimates are much more speculative and are not booked with the same degree of rigor, generally for internal company use only, reflecting a more limited data set and assessment maturity.
However, under current rules, oil can only be pumped from the reserve at a maximum rate of “4.4 million barrels per day for up to 90 days,” according to the Department of Energy. Student loan ...