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BP Leaves Canadian Oil Sands

OIL

BP has agreed to sell its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Calgary-based Cenovus Energy.

  • As part of the deal, BP is acquiring Cenovus's interest in the Bay du Nord project in Eastern Canada.
  • BP will no longer have interests in oil sands production in Canada and will shift its focus to future potential offshore growth.

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