US EditionCanadian oil output to hit new heights within two years: Report
- A new report by Deloitte Canada predicts that the upcoming startup of the Trans Mountain pipeline will lead to a record-high Canadian oil production within the next two years. The report indicates that the pipeline's extra capacity will boost production by 375,000 barrels a day, surpassing the total amount of oil production added by Canada's industry over the past five years.
- The expansion of the Trans Mountain pipeline, Canada's sole oil transportation system from Alberta to the West Coast, will increase its capacity from 300,000 to 890,000 barrels per day. The pipeline expansion is expected to conclude by early 2024.
- The anticipated production increase represents an eight percent growth compared to the previous production peak achieved in November 2022.
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Canadian oil output to hit new heights within two years: Report
The coming startup of the Trans Mountain pipeline will help boost Canadian oil production to an all-time high within the next two years, according to a new report. The report by Deloitte Canada said the extra capacity created by the currently ongoing pipeline expansion is expected to boost Canadian ...
·Kelowna, Canada
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