Suncor goes from big to bigger
GARY PARK For Petroleum News
Suncor Energy, by far the dominant force in the Alberta oil sands, has unloaded some of its spare cash to gain a controlling stake in the Syncrude Canada consortium, which has a nameplate capacity of 350,000 barrels per day.
For C$937 million, Suncor will buy Murphy Oil’s 5 percent, boosting its sha....
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