SOURCE: Industrial Info Resources

August 06, 2008 08:15 ET

Petro-Canada Leads Top 10 List of Industrial Spending Companies in Canada, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - August 6, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As highlighted in a recent article titled Extractive Industries Push Planned Industrial Project Spending in Canada to $386 Billion, Canada's Oil & Gas, Refining and Metals & Minerals industries are leading in the development of a record number of planned industrial projects in that country. The top 10 companies for project spending in Canada are all in the oil & gas or power generation sectors. This highlights the importance of energy supply as a major driver of capital spending programs in Canada. Petro-Canada Incorporated (NYSE:PCZ) (Calgary) leads with more than $23 billion across 53 active projects, followed by Canadian Natural Resources Limited (NYSE:CNQ) (Calgary, Alberta) with 26 projects totaling $19 billion. Other companies on the list include Suncor Energy Incorporated (NYSE:SU) (Calgary, Alberta Canada) and Nexen Incorporated (NYSE:NXY) (Calgary, Alberta).

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information, send inquiries to refininggroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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