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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (13121)	11/3/1998 5:13:00 AM
From: Kerm Yerman	Read Replies (9) of 15196

IN THE NEWS / Syncrude Coker Shut Down Following Fire By CP FORT McMURRAY, Alta. -- A fire has forced the shut down one of two cokers at Syncrude Canada for at least 48 hours.. The coker withdraws coke from bitumen and starts the conversion process into upgraded crude oil. It's too soon to say how the shutdown will affect the oilsands company's production, spokesman Peter Marshall said yesterday. "The good news was nobody was hurt and all the other units in the plant are in stable mode," he said. No cause was given for the early morning fire. The coker underwent repairs for a circulation problem in early January. In July, it had problems again and was shut down until mid-August. The problems with the coker forced Syncrude to revise its year end production target to 77.5 million barrels, down from the previous forecast of 80 million barrels.

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