CALGARY, Alberta, Aug 27 (Reuters) - A coker at Syncrude’s northern Alberta oil sands project is back in operation after the completion of maintenance work that started in June, Canadian Oil Sands <COS.TO, the largest shareholder in Syncrude, said on Tuesday.
“Canadian Oil Sands today announced that the turnaround of Coker 8-1 has been completed and the unit is back in operation,” the company said in a statement.
Syncrude’s month-on-month production was down 17 percent in July, partly as a result of the coker turnaround, and tighter supply has helped support synthetic crude prices in recent months.
Light synthetic crude from the oil sands for September delivery settled at $2.25 per barrel above the West Texas Intermediate benchmark on Tuesday, according to Shorcan Energy brokers.
That compares with a settlement price of $2.75 per barrel above the benchmark on Monday.