Newspaper article The Canadian Press

Chevron Looks to Unload More Western Canada Assets to Bolster Cash Reserves

Newspaper article The Canadian Press

Chevron Looks to Unload More Western Canada Assets to Bolster Cash Reserves

Article excerpt

Chevron looks to unload more B.C. assets

--

CALGARY - Chevron Canada Ltd. is testing the waters for a possible sale of its non-core refining and marketing assets in Western Canada.

A company spokesman said Friday that Chevron has asked for expressions of interest on the company's 57,000-barrel-a-day Burnaby, B.C., refinery as well as its marketing assets, but that no final decision has been made to sell.

The request for interest does not cover Chevron's lubricants business, its stake in the Kitimat LNG project, or upstream producing assets, the spokesman said.

The potential sales follow Chevron's offloading of two gas storage facilities in B.C., including Aitken Creek -- the largest in the province -- to Fortis Inc. for US$266 million earlier this spring. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.