Alberta Taking Half-Stake in Oilsands Refinery to Reduce Tolling Costs
Alberta Taking Half-Stake in Oilsands Refinery to Reduce Tolling Costs The Alberta government on Monday announced a C$825 million ($660 million) takeover of a 50% ownership share in Canada’s newest oilsands refinery near the provincial capital in Edmonton. North West Refining Inc. is to be paid C$425 million ($340 million) for its half-equity in the 79,000 b/d refinery north of Edmonton. North West also agreed to forego future tolling revenue. Canadian Natural Resources Ltd., which owns the o...
Refining Inc Canadian Natural Resources Ltd West Refining North West Natural Resources Ltd Sturgeon Refinery
Source: naturalgasintel.com