Oil majors attracted by the scent of nonconventional reserves
By Agence France Presse (AFP)
Wednesday, August 17, 2005
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The economic viability of heavy oil, sometimes called nonconventional oil, had long been considered doubtful, but is now a reality owing to improved technologies that put Canada and Venezuela in the spotlight. Two years ago, Canada edged in between Saudi Arabia and Iraq as holder of the second largest reserves of oil according.
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