March 15, 2019 / 12:14 PM / a year ago

Imperial Oil slows pace of Aspen oil sands project due to govt output cuts

March 15 (Reuters) - Canada’s Imperial Oil Ltd said on Friday it had slowed the pace of development of its C$2.6 billion Aspen oil sands project in Alberta due to market uncertainty from the provincial government’s output cuts.

“This was a difficult choice in light of our final investment decision on Aspen announced last November,” Chief Executive Officer Rich Kruger said in a statement. (Reporting by John Benny in Bengalurul; Editing by Anil D’Silva)

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