It's no sin to be interested in crude material. Syncrude Canada is the world's largest producer of light sweet crude oil from oil sands, and operates the Syncrude Project, a large oil sands mine and supporting plants that produce value-added light, sweet crude oil. Located in the Athabasca Oil Sands, the Project is the #1 single source of oil in Canada, producing 107 million barrels or more annually. The Syncrude Project is a joint venture operated by Syncrude Canada and owned by seven oil and gas entities, including Canadian Oil Sands, Imperial Oil, and Suncor Energy. In 2010 ConocoPhillips sold its 9% stake in Syncrude to Sinopec for $4.7 billion in order to reduce debt.