BP and Huskey may scale back oil sands project - how will it affect the Oregon refinery?

UK supermajor BP and Canadian integrated Husky Energy may “scale back” their Sunrise oil sands project in Alberta as they seek to cut costs.

Husky boss John Lau earlier this week estimated development costs at $2.5 billion, compared with an agreement in 2007 to spend about $5.5 billion through 2015.

The partners have delayed a final investment decision on the project until next year on expectation of falling industry costs.


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