Imperial Oil sells properties to Whitecap for C$855 mln

By Reuters

CALGARY, Alberta, March 17 (Reuters) - Imperial Oil Ltd , Canada's No.3 oil and gas company, said on Monday Whitecap Resources Inc has agreed to buy some of its oil and gas properties in Western Canada for about C$855 million ($771.14 million) as it focuses on its oil sands and shale properties in the region.

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TAGS Oil, News

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