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BRIEF-Alberta premier says rail car deal could be announced by year end

Published 2018-11-28, 01:46 p/m
© Reuters.  BRIEF-Alberta premier says rail car deal could be announced by year end

Nov 28 (Reuters) - Government of Alberta:

* ALBERTA GOV'T SAYS PETROLEUM MARKETING ARM HAS ENGAGED THIRD PARTY TO NEGOTIATE CRUDE BY RAIL TERMS WITH INDUSTRY, ENTER VARIOUS COMMERCIAL ARRANGEMENTS

* ALBERTA GOV'T SAYS DEALS TO INCLUDE SERVICE FROM RAILWAYS, RAIL TANK CARS FROM SUPPLIERS, ON-LOADING AND OFF-LOADING CAPACITY

* ALBERTA GOV'T SAYS MINIMUM 3-YEAR CONTRACT COULD INCLUDE LEASE OF NEW CARS, WITH FIRST CARS MOVING OIL BY DEC 2019

* ALBERTA GOV'T SAYS EXPECTS 15,000 BARRELS PER DAY OF CRUDE BY RAIL BY DEC 2019, RAMP UP TO 120,000 BPD BY AUG 2020

* ALBERTA GOV'T SAYS EXPECTS POSITIVE IMPACT ON CANADA LIGHT-HEAVY DIFFERENTIAL OF UP TO $4 OVER 3-YEAR TERM

* GOV'T EXPECTS TERMS TO BE SETTLED IN 'NEXT FEW WEEKS'

* ALBERTA NOT CONSIDERING 'ROYALTY HOLIDAY' FOR OIL PRODUCERS, EYEING TOOLS INCLUDING HOW ROYALTIES ARE APPLIED -CHIEF SPOKESWOMAN FOR ALBERTA PREMIER

* ALBERTA PREMIER SAYS RAIL CAR DEAL COULD BE ANNOUNCED BEFORE YEAR END Further company coverage: CP.TO CNR.TO

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