1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Suncor, Teck up stakes in new Fort Hills oil sands project

By:  
Creamer Media Deputy Editor: North America
 
OIL SANDS
The partners of the C$13.5-billion Fort Hills oil sands project, in Alberta, have resolved a commercial dispute, resulting in Suncor Energy increasing its ownership in the project to 53.06%, and Teck Resources upping its stake to 20.89%, from 50.8% and 20%, respectively. The companies reached agreement with Total E&P Canada, with the new ownership reflecting increased funding from Suncor and Teck of about $300-million and $120-million, respectively.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register