Canada's two major oil company merger

According to media in Ottawa on July 22 reported that the Canadian Competition Bureau has approved the Government of Canada No. 2 Spodiopogon sand production company Suncor Energy Inc. and No. 3 largest oil company in Canada Petro-Canada merger.

Competition Bureau Canada, the Government agreed to the agreement called for Suncor Energy Inc. and Petro-Canada to take measures to maintain Ontario's retail and wholesale business and in the next 10 years into the Ontario area of the supply and production. Suncor Energy President and CEO, said the new company after the merger will become Canada's largest energy companies. Under the agreement, Suncor Energy Inc. and Petro-Canada from the merger of August 1 this year will take effect.

Jul. 23, 2009