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Syncrude Canada Ltd. is one of the world's largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada. It is located just outside Fort McMurray in the Athabasca Oil Sands , and has a nameplate capacity of 350,000 barrels per day (56,000 m 3 /d) of oil, equivalent to about 13% of Canada's consumption ...
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
In January 2016 they reached an agreement with Suncor acquiring COS for C$6.6 billion, raising its Syncrude ownership to 49%. [ 18 ] On April 27, 2016, Suncor announced that it had reached a $937-million deal to acquire Murphy Oil 's 5% stake in the Syncrude project, growing its interest in Syncrude to nearly 54%, making it the majority ...
The Syncrude Tailings Dam, impounding the Mildred Lake Settling Basin (MLSB), is an embankment dam that is, by volume of construction material, the largest earth structure in the world in 2001. [1] It is located 40 km (25 mi) north of Fort McMurray , Alberta, Canada, at the northern end of the Mildred Lake lease area owned by Syncrude Canada Ltd .
[166] [167] The U.S. State Department's Preliminary Supplemental Environmental Impact Statement, issued in March 2013, estimated 3,900 direct jobs and 42,000 direct and indirect jobs during construction. In July 2013, Obama said "The most realistic estimates are this might create maybe 2,000 jobs during the construction of the pipeline, which ...
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