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Alberta Searches for New Oil Marketer to Replace Nexen
Dec. 12, 2012 05:05AM PST
Oil and Gas InvestingReuters reported that Alberta is currently accepting proposals from parties who may be qualified to replace Nexen Inc. (TSX:NXY) in its role as oil marketer.
Reuters reported that Alberta is currently accepting proposals from parties who may be qualified to replace Nexen Inc. (TSX:NXY) in its role as oil marketer.
As quoted in the market news:
“Currently, Nexen markets 90 percent of Alberta’s government oil, taken from the industry as in-kind royalty payments, and the Alberta Petroleum Marketing Commission handles the rest.
Nexen’s contract expires on May 31 and the government posted a request for proposals at the end of last month.”