North West Refining

Alberta Taking Half-Stake in Oilsands Refinery to Reduce Tolling Costs

Alberta Taking Half-Stake in Oilsands Refinery to Reduce Tolling Costs

The Alberta government on Monday announced a C$825 million ($660 million) takeover of a 50% ownership share in Canada’s newest oilsands refinery near the provincial capital in Edmonton. North West Refining Inc. is to be paid C$425 million ($340 million) for its half-equity in the 79,000 b/d refinery north of Edmonton. North West also agreed…

July 6, 2021