Suncor, Total and Teck to invest $13.5bn in oil sands

GMT 02:47 2013 Thursday ,31 October

Arab Today, arab today Suncor, Total and Teck to invest $13.5bn in oil sands

Arab Today

Suncor Energy said Wednesday that with joint venture co-owners Total E&P Canada Ltd. and Teck Resources Limited, it would proceed with and invest $13.5 billion in the Fort Hills oils sands project in Canada. The mining project in Alberta's Athabasca region is scheduled to produce oil as early as the fourth quarter of 2017, Suncor said in a statement.

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