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Article content The province announced a new agreement Monday that will restructure the project’s finances to save an estimated $2 billion over the life of the project, extend the government’s obligation to supply bitumen for processing until 2058, and make the Alberta Petroleum Marketing Commission (APMC) a 50 per cent equity partner. We apologize, but this video has failed to load. Try refreshing your browser, or Alberta extends Sturgeon Refinery deal by 10 years, buying 50 per cent stake in bid to save $2 billion Back to video Energy Minister Sonya Savage said in an interview it was the best option to reduce the mounting long-term costs for taxpayers.

Red waterLisa johnsonJason kenneyKathleen ganleyIan kucerak postmediaRedwater partnershipPostmedia network incAlberta energyAlberta petroleum marketing commissionRedwater partnership sturgeon refineryCanadian natural resources ltdSturgeon refineryWest redwater partnershipFort saskatchewanIan kucerakMinister sonya savage