Oil sands refining moves to US

Calgary-based EnCana Corp. is set to acquire an interest in a Chicago-area refinery to process its oil sands crude, part of an effort by a host of companies with planned expansions to find the most profitable way to market the sludge-like crude produced in northeastern Alberta.

The deal — which EnCana expects to announce within weeks — would see the independent producer acquire a major interest in a refiner, thought to be British-based BP PLC, in exchange for a stake in its oil sands operations.

Globe and Mail