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Total wants Suncor to decide on Fort Hills mine

French oil giant Total is pushing Suncor to make a final investment decision on the proposed Fort Hills oil sands mine.

The company’s CEO Christophe de Margerie says he wants Suncor to decide before the end of the year whether it’s going ahead or not.

The project would be about 90 kilometres north of Fort McMurray, and already has approvals for a 160 thousand barrel per day first phase.

Total owns just over 39% of the project while Suncor owns just under 41% – Teck Resources owns the rest.

In March, Suncor and Total decided to abandon their partnership to construct the Voyageur upgrader.

June 10, 2013