Canadian oil sands region that suffers from faltering in all projects in the region with the continued decline in oil prices since the middle of last year.
BAGHDAD / Obelisk: energy giant Royal Dutch Shell announced that it would stop its project in the oil sands of western Canada, which means the company's loss of $ 2 billion of the projected revenues also mean the abolition of Carmon Creek Project write off 418 million barrels of global reserves.
With the write off this amount of reserves that Shell Global reserves fall by 3 percent at least.
And suffer the Canadian oil sands area of faltering in all projects in the region with the continued decline in oil prices since the middle of last year.
And it announced that oil companies operating in the region for the postponement or disable the 16 projects since the start of falling oil prices.
It attributed the company to stop the project to the lack of additional energy in the oil pipes from the oil sands region of Western Canada
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