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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