(Bloomberg) -- Petro-Canada, the third-largest oil
company in Canada, and its partners will spend C$26.2 billion
($24.6 billion) to build an oil-sands development in northern
Alberta.
The Fort Hills project will be designed to produce 280,000
barrels a day of synthetic crude oil from the tar-like deposits
by 2014, with output starting in the second quarter of 2012, Teck
Cominco Ltd., one of the partners, said today in a statement
distributed by CCNMatthews.
Read more at Bloomberg Energy News
company in Canada, and its partners will spend C$26.2 billion
($24.6 billion) to build an oil-sands development in northern
Alberta.
The Fort Hills project will be designed to produce 280,000
barrels a day of synthetic crude oil from the tar-like deposits
by 2014, with output starting in the second quarter of 2012, Teck
Cominco Ltd., one of the partners, said today in a statement
distributed by CCNMatthews.
Read more at Bloomberg Energy News
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