- The expanded Trans Mountain pipeline is expected to reduce Canadian oil-sands producers' dependence on US refiners and provide better prices for their crude.
- The pipeline will open new markets in Asia, allowing oil producers to send their barrels into more markets.
- Canadian Natural Resources Ltd., the country’s largest oil producer, will ship 94,000 barrels a day on the expanded Trans Mountain.
- Imperial Oil Ltd. expects to finish a 15,000-barrel-a-day expansion of its Cold Lake facility ahead of schedule this year, thanks to the pipeline.
- The Trans Mountain expansion will more than double the capacity of the existing line to 890,000 barrels a day.
Trudeau’s Crude Pipeline Set to Provide Boost for Canadian Oil
Canadian oil producers beset by years of constrained pipeline capacity expect to garner better prices for their crude when the expanded Trans Mountain conduit starts up next year, opening them to new markets in Asia.
Kevin Orland
