Sentences with phrase «lieu of cash royalties»

The province will exercise its existing right to receive «royalty - in - kind» on oil sands projects (i.e. raw bitumen delivered to the Crown - operated Alberta Petroleum Marketing Commission in lieu of cash royalties).

The Alberta government, meanwhile, has been fighting a losing battle to keep upgrader jobs in the province with its BRIK (Bitumen Royalty in Kind) program, whereby it accepts bitumen from producers in lieu of cash royalties and has signed a supply agreement with a «merchant» refiner (without production of its own) to build an upgrader to process it.