ALBERTA OILSANDS PROFITS RISE

Several partners in the Syncrude Canada Ltd. oilsands plant in northern Alberta report record production and profits in 1990. Esso Resources Canada Ltd. listed Syncrude related profits of $61 million in 1090, up 53% from 1989. Canadian Occidental Petroleum Ltd. reported net profits of $19.4 million from Syncrude, 12 times the 1989 yield. Alberta Energy Company Ltd. does not break out earnings from specific projects but said it was "very satisfied" with Syncrude profits.

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