Canadian Natural Plans C$2 billion Oil Sands Expansion

Aug. 04, 2011 10:34AM PST

Canadian Natural Resources Ltd (TSE:CNQ) plans to restart company’s oil sands plant eight months and has earmarked C$2 billion to start its expansion next year.

Canadian Natural Resources Ltd (TSX:CNQ) plans to restart company’s oil sands plant eight months and has earmarked C$2 billion to start its expansion next year.

The market news is quoted as saying:

The overall cost of the repairs are expected to be C$400 million to C$450 million. Canadian Natural received C$136 million in insurance recovery in the second quarter.

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