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MEG Energy Corp MEGEF


Primary Symbol: T.MEG

MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.


TSX:MEG - Post by User

Post by ztransforms173on Jun 25, 2024 9:53am
91 Views
Post# 36104809

China’s Rongsheng Petchem BUYS 2*550,000 AWB Bbls. CARGOES

China’s Rongsheng Petchem BUYS 2*550,000 AWB Bbls. CARGOES

China’s Rongsheng Petchem buys Canadian AWB crude for Sept arrival, sources say

 
 


Chinese refiner Rongsheng Petrochemical has bought two 550,000-barrel cargoes of Canadian Access Western Blend (AWB) crude via the recently expanded Trans Mountain pipeline (TMX) for September delivery, trade sources said on Tuesday.

 

The cargoes were sold by Macquarie at a discount of $6-$7 a barrel to ICE Brent, they added.

AWB is a type of heavy and highly acidic diluted bitumen produced by Canadian Natural Resources and MEG Energy.

Rongsheng bought its first cargo from the TMX pipeline this month.

(Reporting by Florence Tan Editing by David Goodman )

https://boereport.com/2024/06/25/chinas-rongsheng-petchem-buys-canadian-awb-crude-for-sept-arrival-sources-say/

***


@ 9:51 EST:

WTI Crude Oil Sep 2024: USD 80.42/bbl.

- 
Brent Crude Oil Sep 2024: USD 84.72/bbl.

z173


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