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Suncor Energy hikes stake in Syncrude in $730 million deal

Cecilia Jamasmie | February 12, 2018 | 3:18 am Energy Suppliers & Equipment Canada Europe 

Suncor Energy (TSX:SU), Canada's largest oil and gas producer by market capitalization, is buying Mocal Energy's 5% stake in the Syncrude joint venture for $730 million (roughly Cdn$920 million), and said it’s also acquiring an interest in an offshore project...

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