Suncor greenlights Fort Hills oil sand project

Wed Oct 30, 2013 10:22pm EDT
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VANCOUVER Oct 30 (Reuters) - Canada's Suncor Energy Inc said on Wednesday that it is moving ahead with its C$13.5 billion ($12.9 billion) Fort Hills oil sands project in Northern Alberta, with first oil production expected as soon as the fourth quarter of 2017.

The project, located some 500 kilometers (310 miles) north of Edmonton, Alberta, is a joint venture with France's Total SA and diversified mining company Teck Resources .