Sunshine Oilsands Plans JV with China Petrochemical

Bloomberg reported that Sunshine Oilsands Ltd. (HKG:2012) plans joint venture to explore its oil sands reserves with China Petrochemical Corp.(NYSE:SNP)

As quoted in the market news:

The companies discussed “every aspect” of forming a joint venture to accelerate exploration and production of Sunshine’s estimated 71 billion barrels of oil sands reserves, Chief Executive Officer John Zahary said today in an interview in Hong Kong.

Click here to read the full Bloomberg report.