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The Co-op Refinery Complex (CRC), formerly known as Consumers’ Co-operative Refineries Limited [2] (CCRL), is an oil refinery spread over 544 acres (2.20 km 2) located in the city of Regina, Saskatchewan, Canada, owned and operated [source needed] by Consumers Co-operative Refinery Limited, an affiliate of Federated Co-operatives Limited (FCL).
In 1962 (the same year the Great Canadian Oil Sands proposal went up for approval) Cities Service Athabasca Inc. proposed a 16,000 cubic metre per day plant at the site of its Mildred Lake pilot project. Including a pipeline to Edmonton, the plant was to cost $56 million, with construction beginning in 1965 and completion in 1968.
The great oil age: the petroleum industry in Canada. Detselig Enterprises. ISBN 978-1-55059-072-2. Mir-Babayev, M.F. (2017). "Brief history of the first drilled oil well; and people involved". Oil-industry History. 18 (1): 25– 34. ISSN 1546-9573. Taylor, Graham D. (2019). Imperial standard : Imperial Oil, Exxon, and the Canadian oil industry ...
Great Canadian Oil Sands Limited was a Canadian heavy oil company that existed between 1953 and 1979. In 1962, GCOS received a permit from the Alberta government to build a 31,500 barrels-per-day synthetic crude plant in the Athabasca oil sands .
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
Despite the oil strike, Bell continued to work for the Royal Bank at the Albertan. After seven years of what he called "clerking", he made a bid to regain his family's control of the paper. He convinced five friends in the oil and gas industry to form the Essex Company and put up $35,000 to operate the paper. [6]