Oilsands projects under scrutiny

02/08/1999
Timing of expansion plans for some oilsands plants in northern Alberta are coming under scrutiny because of continuing weak oil prices. Shell Canada Ltd., Calgary, says plans for a $3.4 billion (Canadian) upgrader project in Alberta will now go to its board for approval later than originally planned. Shell's Muskeg River project includes a mine near Fort McMurray, an upgrader at Scotford, and a pipeline connecting the two. Shell said a decision on the project will be made in the second half instead of this spring, and oil prices will be reviewed. Syncrude Canada Ltd. says a $3 billion upgrader project for its northern Alberta operation could be delayed to 2003 from 200...
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