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Report: Syncrude Canada boosts production after operational issues

Oil sands facility Syncrude Canada Ltd. increased its production, despite having said it would reduce its December output by 1.6 million barrels, Reuters reported Dec. 12, citing three sources familiar with the matter.

Syncrude Canada had announced the plan to cut its December production after unspecified operational problems affected the facility. The oil sands facility has restored about half of its planned 1.6 million-barrel decrease, according to one of Reuters' sources.

Suncor Energy Inc. owns a 59% stake in Syncrude, while Exxon Mobil Corp. subsidiary Imperial Oil Ltd. holds 25% and operates the facility. China Petroleum & Chemical Corp. and Nexen Inc. hold the remaining interest. The facility can produce as much as 360,000 barrels per day, upgrading bitumen to light oil, according to Reuters.

Syncrude and Imperial spokespersons were not immediately available for comment, Reuters reported.