Canada expects strong interest in its heavy crude oil reserves from China after the U.S. government balked on a major oil pipeline project, the government said. The U.S. State Department last week said it was reviewing alternate routes for the planned Keystone XL pipeline to avoid environmentally sensitive territory in Nebraska. That decision could move final approval, originally expected at the end of this year, to after the 2012 presidential elections in the United States. Canadian Prime Minister Stephen Harper said during a meeting with Asian trading partners in Hawaii that the State Department's decision highlighted the importance of working closer with the Chinese. "This does underscore the necessity of Canada making sure that we are able to access Asia markets for our energy products," he was quoted by The Wall Street Journal as saying. "And that will be an important priority of our government going forward." The Canadian government said a heavy crude oil pipeline would get built to carry oil from tar sands projects in Alberta province one way or the other. The direction of that pipeline would depend on the end consumer. Harper, in a statement, said he was disappointed with the U.S. government on the pipeline. TransCanada, the company behind Keystone XL, said they expected the project would be approved eventually.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor