EnCana exits Syncrude Canada; could earn C$1.48 billionCompany will focus on wholly owned oil sands ventures in northeastern Alberta, has launched world’s first large-scale synthetic crude operation Gary Park PNA Canadian Correspondent
Determined to control its own destiny, EnCana Corp. is pulling out of the world’s largest synthetic crude operation, but not the oil sands sector itself.
The high-flying Canadian independent struck a C$1.07 billion deal Feb. 3 to sell a 10 percent share of Syncrude Canada Ltd. to Canadian Oil Sands....
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