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The operations have combined crude throughput capacity of 495,000 barrels per day or 247,500 barrels per day net to Cenovus. 

Once the deal is complete, Cenovus says its downstream business will have total crude throughput capacity of 472,800 barrels per day.

The company says proceeds from the sale will be used to reduce debt and for share repurchases.

The deal is expected to close around the end of the third quarter, subject to customary closing conditions.

This report by The Canadian Press was first published Sept. 9, 2025.

Companies in this story: (TSX:CVE)