Regina Refinery at 90 and Devine’s Upgraders, Part 6: Were the Lloydminster and Regina upgraders enormous money losers, or huge successes? The conclusion

Regina Refinery at 90 and Devine’s Upgraders, Part 6: Were the Lloydminster and Regina upgraders enormous money losers, or huge successes? The conclusion

For all the political strife over cost overruns of the two projects as they were built, and their initial struggles, the added provincial royalties in the 21st century made up for that in spades. And the further investment in northwest Saskatchewan’s heavy oil patch has far outstripped the money spent on the Bi-Provincial Upgrader, even when you adjust for inflation.

Regina Refinery at 90 and Devine’s Upgraders, Part 5: Were the Regina and Lloydminster upgraders worth it? The two upgraders’ massive impact on provincial revenue

Regina Refinery at 90 and Devine’s Upgraders, Part 5: Were the Regina and Lloydminster upgraders worth it? The two upgraders’ massive impact on provincial revenue

“Any reasonable entrepreneur in North America, if they had these resources, they would have done the same thing. Now, you had to be very determined about it, because it wasn’t easy. And you had the cyclical (nature) to deal with, but a lot of good entrepreneurs and business people, they know cycles. I would say it certainly contributed significantly to Saskatchewan, and it’s not going to change.” – Grant Devine

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