Costs rising on HorizonCanadian Natural joins peers in swallowing dose of “over-run” medicine that could add C$2.5 billion to final costs, but expects go-ahead in early 2005 Gary Park Petroleum News Calgary Correspondent
The plans for Canada’s fourth full-scale oil sands project have been sucked into the financial muskeg country of northern Alberta.
Canadian Natural Resources — better known by its stock symbol CNQ — faces a possible C$2 billion hike in the budget for its 232,000 barrel per day Horizon project.
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Employment will peak in 2006 CNQ pursuing a variety of projects
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