NEWS: Imperial Oil expects $1.4 billion in capital spending next year

Dec 17, 2021

Share
Share
Tweet

Imperial Oil. Graphic via The Canadian Press

CALGARY — Imperial Oil Ltd. says it expects its capital spending to total $1.4 billion next year.

The company says the plan includes the ramp-up of an in-pit tailings project at the Kearl oilsands facility and completion and commissioning of a products pipeline in southern Ontario.

It is also making ongoing investments in Kearl’s autonomous fleet and the application of solvent technologies.

Imperial forecasts production next year between 425,000 and 440,000 gross oil equivalent barrels per day.

Refinery throughput is forecast to be between 395,000 and 405,000 barrels per day with capacity utilization between 92 and 94 per cent.

Imperial also says a final investment decision for its Strathcona renewable diesel project is expected next year.

This report by The Canadian Press was first published Dec. 17, 2021.

Companies in this story: (TSX:IMO)

The Canadian Press

News from © The Canadian Press, 2021. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • 0084 EMP Metals Pipeline Online
    0084 EMP Metals Pipeline Online
  • 0053 Kingston Midstream Westspur Alameda Click
    0053 Kingston Midstream Westspur Alameda Click
  • 0082 CsHM 2024 Pipeline
    0082 CsHM 2024 Pipeline
  • 0077 Caprice Resources Stand Up For Free Speech
    0077 Caprice Resources Stand Up For Free Speech
  • 0076 Latus only
    0076 Latus only
  • 0061 SIMSA 2024 For Sask Buy Sask
    0061 SIMSA 2024 For Sask Buy Sask
  • 0055 Smart Power Be Smart with your Power office
    0055 Smart Power Be Smart with your Power office
  • 0051 JML Hiring Pumpjack assembly
    0051 JML Hiring Pumpjack assembly
  • 0049 Scotsburn Dental soft guitar
    0049 Scotsburn Dental soft guitar
  • 0046 City of Estevan This is Estevan
    0046 City of Estevan This is Estevan
  • 0041 DEEP Since 2018 now we are going to build
    0041 DEEP Since 2018 now we are going to build
  • 0032 IWS Summer hiring rock trailer music
  • 0022 Grimes winter hiring
  • 0021 OSY Rentals S8 Promo
  • 0018 IWS Hiring Royal Summer
  • 0013 Panther Drilling PO ad 03 top drive rigs
  • 0011
  • 0006 JK Junior
  • 0002 gilliss casing services
    0002 gilliss casing services
  • 9002 Pipeline Online 30 sec EBEX
    9002 Pipeline Online 30 sec EBEX
  • 9001