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Imperial now sees Kearl decision before mid-year

Imperial now sees Kearl decision before mid-year

Write: Raimy [2011-05-20]
p>CALGARY, Alberta, April 16-Imperial Oil Ltd (IMO.TO) is still keen on its C$8 billion ($6.6 billion) Kearl oil sands project in Alberta despite having missed a target for making a go-ahead decision, the company said on Thursday.



Imperial, Canada's biggest oil producer and refiner, now expects to reach a decision on Kearl before the end of June, spokesman Pius Rolheiser said.



The company had previously targeted the end of March, but some things needed for its final ruling on committing the money are taking longer than expected, he said.


($1=$1.21 Canadian)