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CN Energy Group's Alberta Oil Well Project Commences Production

Guavy AI Editorial Team
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Oil
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CN Energy Group (NASDAQ:CNEY) announced that an oil well project in Alberta's Cold Lake region has started producing, marking a significant milestone in the company's North American energy strategy.

The project, operated by Blessing Logistics Ltd., is expected to support CNEY's plans for an integrated energy platform spanning oil asset investment, production, transportation, trading, and supply chain management.

CNEY CEO Wenhua Liu stated that the successful commencement of production at the Cold Lake oil well project marks an important step in executing the company's North American energy strategy. The company aims to build a scalable energy investment and supply chain platform by combining Canadian energy resources, institutional investment capital, and experienced operating teams.

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