Oilsands projects under scrutiny

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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