One of the owners of Syncrude is considering pulling out.
Murphy Oil Corporation said today it’s hiring an investment banking firm to advise whether it should keep its stake in the project or not.
Murphy currently owns five percent of Syncrude.
The last time the ownership changed was in 2010 when ConocoPhillips sold its nine percent share to Sinopec for more than four and a half billion dollars.
October 16, 2012
