Suncor oilsands production growth to continue, CEO says
CBC News | Posted: February 4, 2014 7:21 PM | Last Updated: February 4, 2014
Calgary energy giant saw its oilsands operations grow by 13 per cent last year
Canada's largest energy company expects continued growth in its oilsands production.
Suncor said Tuesday its oilsands operations grew by 11 per cent in 2013.
And CEO Steve Williams said he expects an even larger jump this year.
"Our 2014 guidance calls for a year-over-year increase of oilsands production of about 15 per cent, continuing the trend of profitable growth. And I believe we are well positioned to meet that target,” he said.
Meanwhile, Suncor says it's no longer producing oil in Libya because of the continuing political unrest.