January 15, 2008 / 10:20 PM / 10 years ago

Albertra oil sands royalty deal seen near

WASHINGTON (Reuters) - The “nuts and bolts” of a deal to renegotiate royalty deals with oil sands producers Syncrude Canada Ltd and Suncor Energy Inc (SU.TO) should be in place by the end of January, Alberta Premier Ed Stelmach said on Tuesday.

It may take a few weeks longer to finalize details with Syncrude because of its large number of owners, Stelmach told Reuters in a telephone interview, en route to Washington.

“But the nuts and bolts should be completed by the end of January” with both producers, Stelmach said.

Reporting by Chris Baltimore; Editing by Marguerita Choy

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