Imperial Oil Announces $8.6 Billion Expansion of Kearl Oil Fields


CALGARY, Alberta – Imperial Oil Ltd. said Wednesday it will go ahead with an  $8.9 billion Canadian (US$8.6 billion) expansion to its Kearl oil sands mine in  Alberta.

The Calgary-based oil producer and refiner said the second phase of the  project is slated to begin producing 110,000 barrels of oil per day by late  2015.

Read more: Imperial Oil Announces $8.6 Billion Expansion of Kearl Oil Fields

(The Associated Press, Missoulian)

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