The Globe and Mail reports in its Friday, Sept. 4, edition that Syncrude expects to return to normal operations
toward the end of September, confirming market
talk of an extended outage after
last weekend's fire.
A Reuters dispatch to The Globe reports that Syncrude's majority owner Canadian Oil Sands ($6.46) says the venture will operate
with "minimal synthetic
crude oil shipments and operating
rates" for the next two weeks
as part of a phased recovery.
The disruption means that Syncrude
output this year will be
"near the low end" of the current
projected range of 96 million to
107 million barrels. Canadian Oil
Sands says the
fire had damaged "pipes, power
and communication lines on a
pipe rack between a hydrotreating
unit and its associated amine
unit," but did not damage mining
and extraction operations or other
major upgrading units.
The operating rates of undamaged
units have been "safely
reduced in a controlled and stable
manner."
Cash prices of Canada's synthetic
crude jumped on Wednesday,
swinging to a premium against
American crude on the growing fears of
a prolonged outage after the fire
at the facility's Mildred Lake
upgrader on Saturday.
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