In what seems to be an effort to build stronger ties with aboriginal groups, Suncor Energy Inc. (USA) (NYSE:SU) has sold another stake in its Alberta storage terminal called East Tank Farm Development. The latest sale is a deal between Suncor and Mikisew Cree First Nation (MCFN), which is acquiring 14.7% ownership in the facility.

Suncor earlier sold a stake in East Tank Farm, a project that is still under construction to Fort McKay First Nation last month. The company agreed to surrender Fort 34.3% ownership in the storage terminal project to Fort McKay in exchange for $350 million. Fort McKay was to raise debt to fund the acquisition.

On its part, MCFN is paying $147 million for the 14.7% stake in the northern Alberta storage project. Suncor and MCFN expect to close the deal in 2Q17. But there is no guarantee that the deal will close as the closing of the transaction is subject to certain conditions, including MCFN obtaining financing.

“We are very excited that MCFN has joined us as a partner in the East Tank Farm Development,” said Mark Little, EVP of Suncor’s Upstream operations.

Retaining majority ownership

The deals that Suncor has had with MCFN and Fort McKay means that the company is set to give up 49% ownership in East Tank Farm project. As a result, Suncor will still retain majority ownership of 51% in the facility.

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In addition to being the majority owner, Suncor will be the operator of the terminal.

180,000 b/d capacity

Once completed, East Tank Farm will add 180,000 barrels per day capacity in northern Alberta. The terminal will mainly handle crude being pumped from Fort Hills mine, a $15 billion joint venture of Total SA (ADR) (NYSE:TOT) and Teck Resources Ltd (USA) (NYSE:TCK). Construction of East Tank Farm is set to start operation in 2018.

3Q16 earnings

Suncor is due to report its 3Q16 on October 26. In 2Q16, the energy company generated revenue of $5.9 billion and posted adjusted EPS loss of C$0.36, wider than the consensus estimate of C$0.26. Revenue in the quarter also missed the consensus estimate by 3%.

Suncor stock is up more than 13% YTD.