PROCESSWEST Magazine Online

Imperial slows pace of Aspen oil sands development

March 15, 2019   Don Horne




Canada’s Imperial Oil Ltd said on Friday it had slowed the pace of development of its $2.6 billion Aspen oil sands project in Alberta due to market uncertainty from the provincial government’s output cuts.

“This was a difficult choice in light of our final investment decision on Aspen announced last November,” CEO Rich Kruger said in a brief statement to Reuters.

(Reuters)

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