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9 months ago
BRIEF-Suncor and MCFN announces agreement for equity partnership in East Tank Farm Development
October 17, 2016 / 10:31 PM / 9 months ago

BRIEF-Suncor and MCFN announces agreement for equity partnership in East Tank Farm Development

1 Min Read

Oct 17 (Reuters) - Suncor Energy Inc :

* Suncor and MCFN announce agreement for equity partnership in east tank farm development

* Signing of a participation agreement for purchase by mcfn of a 14.7% interest in suncor's east tank farm development

* MCFN's 14.7% share of actual capital cost of east tank farm development is currently anticipated to be approximately $147 million

* Suncor will be operator of East Tank Farm Development once operational

* combined equity interest by fort mckay first nation and mcfn in suncor's east tank farm development is 49%

* Revenue from long-term terminaling services agreements with fort hills partners will underpin mcfn's independent financing of transaction Source text for Eikon: Further company coverage:

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