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Imperial Oil gives green light to Kearl oilsands project

hypocritexposer

Well-known member
Construction will create 8000 jobs. There a couple more on the drawing board, hopefully they will start up also.

Imperial Oil gives green light to Kearl oilsands project
Last Updated: Monday, May 25, 2009 | 2:26 PM ET Comments151Recommend54
CBC News

Imperial Oil said Monday that its board of directors has approved the go-ahead of the first phase of the Kearl oilsands project.

The Kearl project, which is located 70 kilometres northeast of Fort McMurray, Alta., is ultimately expected to produce more than 300,000 barrels a day of bitumen. The first phase of the project is expected to begin production in late 2012 with total production to average 110,000 barrels per day.

The company said the first phase of the project is anticipated to cost about $8 billion or approximately $4.50 per barrel to construct.

http://www.cbc.ca/money/story/2009/05/25/kearl-oil-sands-approved.html?ref=rss
 
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