Royalty Review Identifies Diversification as a Priority

Royalty Review Identifies Diversification as a Priority

Posted on Friday January 29, 2016 at 03:04PM

Alberta’s Industrial Heartland (January 29, 2016) – More of Alberta’s oil and gas resources may soon be further processed within provincial borders as a result of recommendations by the Royalty Review Panel. After a five month process, the outcome of the Royalty Review was announced today by Premier Notley.

Alberta’s Industrial Heartland Association (AIHA) is encouraged by the recommendation to ‘make a bold stretch and seize opportunities to enhance value added processing in the province’. This includes two specific actions:

  1. Developing a value added natural gas strategy for Alberta.
  2. Examining opportunities regarding partial upgrading and alternative value-creation technologies for bitumen.
Today’s announcement also noted the creation of a working group in the near future to help enhance diversification in the province.

Read the full news release

Author: Lamont County Now

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