Province takes stake in Sturgeon Refinery

Jul 6, 2021 | 9:34 AM

The Alberta government is taking 50 per cent ownership of the controversial Sturgeon Refinery northeast of Edmonton.

The refinery was owned by North West Refining and oilsands producer Canadian Natural Resources Ltd., which also provides bitumen to the facility.

The refinery began processing bitumen last year after two years of delays blamed mainly on equipment failure, and it has faced criticism in the past for cost overruns.

The government-owned Alberta Petroleum Marketing Commission has a contract to provide bitumen to the refinery, and the province has signed a restructuring deal that also extends the length of its processing contract.

Province takes stake in Sturgeon Refinery

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