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Lease Liabilities
9 Months Ended
Sep. 30, 2021
Lease liabilities [abstract]  
Lease Liabilities
19. LEASE LIABILITIES
Total
As at December 31, 20201,757
Acquisition (Note 4A)1,441
Additions101
Interest Expense (Note 6)129
Lease Payments(351)
Modifications6
Re-measurement(5)
Exchange Rate Movements and Other(3)
As at September 30, 20213,075
Less: Current Portion286
Long-Term Portion2,789
The Company has lease liabilities for contracts related to office space, transportation and storage assets, which includes barges, vessels, pipelines, caverns, railcars and storage tanks, retail assets and other refining and field equipment. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions.
The Company has variable lease payments related to property taxes for real estate contracts. Short-term leases are leases with terms of twelve months or less.
The Company has included extension options in the calculation of lease liabilities where the Company has the right to extend a lease term at its discretion and is reasonably certain to exercise the extension option. The Company does not have any significant termination options and the residual amounts are not material.