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Panarctic Oils Ltd. : ウィキペディア英語版
Panarctic Oils

Panarctic Oils was formed in 1968 as a result of the Canadian government's eagerness to encourage exploration of the Canadian Arctic islands and to assert Canadian sovereignty in the region. That company consolidated the interests of 75 companies and individuals with Arctic Islands land holdings plus the Federal government as the major shareholder. It played an important part in the development of the petroleum industry in Canada.
==History==
The company had a long and complicated birth. When the deal was complete in 1968, the Federal government held 45% of the new company's equity. Panarctic marked the Federal government's first direct entry into the oil and gas business, except for a brief period of involvement during World War II. After its formation, the company became the principal oil and gas operator in the Arctic Islands.〔Peter McKenzie-Brown, Gordon Jaremko, David Finch, ''The Great Oil Age'', Detselig Enterprises Ltd., Calgary; 1993; pp. 89-91; draft text at (The Great Oil Age )〕
In 1976, the federal government transferred its stake to Petro-Canada who later raised its stake to 53%.〔
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抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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