Alberta provides C 200 million loan to Syncrude

Journal Article · Sun Mar 01 04:00:00 EST 1987 · Pace Synth. Fuels Rep.; (United States)

OSTI ID:6630952

The government of Alberta in December approved a stop-loss loan to Syncrude Canada Ltd. to assist in Syncrude's C$750 million expansion program. Syncrude says that the Alberta loan will enable it to proceed with the 20,000 barrel per day expansion project. According to the agreement, if oil prices should fall below US$15 per barrel Syncrude will absorb the first $30 million in shortfall and the Alberta government will absorb the next C$150 million in the form of a loan. On the next C$150 million deficit, Syncrude would absorb two thirds and the government one third. The agreed government participation would never exceed C$200 million and it would be repaid over a period of 15 years with an annual interest of 9.5%.

• OSTI ID: 6630952
• Journal Information: Pace Synth. Fuels Rep.; (United States), Journal Name: Pace Synth. Fuels Rep.; (United States) Vol. 24:1; ISSN PSFRD
• Country of Publication: United States
• Language: English

Related Subjects

04 OIL SHALES AND TAR SANDS
040800* -- Oil Shales & Tar Sands-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
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294004 -- Energy Planning & Policy-- Oil Shales & Tar Sands
ALBERTA
BITUMENS
CANADA
ECONOMIC IMPACT
ENERGY SOURCES
FINANCIAL ASSISTANCE
FINANCIAL INCENTIVES
FINANCING
FOSSIL FUELS
FUELS
INCOME
INDUSTRIAL PLANTS
INVESTMENT
LOAN GUARANTEES
NORTH AMERICA
ORGANIC COMPOUNDS
OTHER ORGANIC COMPOUNDS
PETROLEUM
PRICES
PRODUCTION
ROYALTIES
SYNTHETIC FUELS
SYNTHETIC FUELS REFINERIES
SYNTHETIC PETROLEUM
TAR