Posted AT 12:51 PM EDT on 14/06/06
Imperial Oil pauses on Mackenzie Valley talks
Imperial Oil Ltd. says soaring construction costs have forced it to ”pause” discussions with the federal government over its proposed Mackenzie Valley natural-gas pipeline project.
Talks with Ottawa on royalties and other fiscal terms for the megaproject are in abeyance until Imperial can firm up estimates this fall for construction costs and timelines.
The project is most recently forecast to cost 7.
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