ATHABASCA TAR SANDS

  

Copyright © Philip M. Parker, INSEAD. Terms of Use.

ATHABASCA TAR SANDS

Specialty Definition: Athabasca Tar Sands

(From Wikipedia, the free Encyclopedia)

The Athabasca Tar Sands is a large area of Tar sands located mainly in north-eastern Alberta and, to a much lesser degree Saskatchewan. It is estimated that the Athabasca Tar Sands contain approximately one third of the world's total oil deposits, with another third in the Venezuelan Orinoco tar sands deposit. The remaining third of the world's oil is in the form of conventional oil, much of it in Saudi Arabia and other Middle-Eastern countries.

The Athabasca Tar Sands is mainly located in and around Fort McMurray, and have been heavily explored only realatively recently. They are a large source of revenue for the government of Alberta and are currently being expanded.

Source: the above text is adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Athabasca Tar Sands."

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Copyright © Philip M. Parker, INSEAD. Terms of Use.