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Article: United States : Imperial won t say whether interested in buying ConocoPhillips Syncrude stake.

Article from:
TendersInfo
Article date:
October 31, 2009
Copyright

Byline: manish03

Imperial Oil Ltd. (TSX:IMO) is tight-lipped on whether it plans to increase its ownership stake in the Syncrude Canada Ltd. partnership, the world's largest oilsands development.

Company spokesman Pius Rolheiser says the company won't discuss its business strategy for competitive reasons.

The chief executive of Houston-based ConocoPhillips, another part-owner of Syncrude, said on Wednesday his company is thinking about selling its nine per cent stake.

Imperial, which owns 25 per cent of Syncrude, could be a potential buyer, as could the project's biggest partner, ...

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