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Canadian Natural cuts $2.4 billion from 2015 capital spending plan, slow growth

2015-01-12 14:57:53| Oil & Gas - Topix.net

Canadian Natural Resources Ltd. says it's reducing its 2015 capital spending plan by $2.4 billion or nearly 30 per cent as a result of low oil prices, which have dropped dramatically since CNRL's original plan was announced in November. Canadian Natural says it will defer about $470 million of spending for the Kirby oilsands project and reduce drilling at its North American and international conventional oil and gas operations.

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