A little bit helps
The drive to increase bitumen upgrading in Alberta made another breakthrough with the signing of a supply agreement between producer Canadian Natural Resources and private start-up North West Upgrading.
Under the deal, Canadian Natural will supply 25,000 barrels per day of Cold Lake Blend heavy crude over five years to the C$2.4 billion North West plant that is due on stream near Edmonton in 2010 with initial capacity of 50,000 bpd, with tentative plans for two more phases of 50,000 bpd each if the venture succeeds.
( Read on )
Under the deal, Canadian Natural will supply 25,000 barrels per day of Cold Lake Blend heavy crude over five years to the C$2.4 billion North West plant that is due on stream near Edmonton in 2010 with initial capacity of 50,000 bpd, with tentative plans for two more phases of 50,000 bpd each if the venture succeeds.
( Read on )
posted by Oil Shock at 7/30/2006 02:22:00 PM
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