CAPITAL MARKETS

Oil shale twins to merge, paper says

PLANS are being made to merge Queensland's oil shale twins, the managing director of South Pacific Petroleum and Central Pacific Minerals, Jim McFarland, told the <I>Australian Financial Review</I>.

Greg Tubby

McFarland told the paper the departure of Canada's Suncor Corp from the Stuart oil shale project in April had provided a welcome opportunity to restructure its ownership. "The two-company structure might...

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