Reply to thread

Message

<blockquote data-quote="klein" data-source="post: 973406" data-attributes="member: 23950">Canada oil sands output seen beating projectionsCALGARY, Alberta (Reuters) - Production in the Canadian oil sands is likely to increase at a much faster clip than the industry currently projects, an analyst said, putting more pressure on pipeline companies to vastly expand capacity out of Alberta.The forecast comes as companies plot billions of dollars worth of new pipeline routes to stave off costly bottlenecks. The latest is Enbridge Inc&#039;s plan, announced Wednesday, to spend C$3.2 billion ($3.15 billion) on pipelines, most of it to get crude from Alberta to Eastern Canada.Production from the oil sands of northern Alberta, the world&#039;s third biggest crude resource, to jump up to 4.1 billion barrels a day by 2020 from last year&#039;s output of 1.6 million bpd.</blockquote>

[QUOTE="klein, post: 973406, member: 23950"] [SIZE=3][B]Canada oil sands output seen beating projections[/B] [B][/B][/SIZE] CALGARY, Alberta (Reuters) - Production in the Canadian oil sands is likely to increase at a much faster clip than the industry currently projects, an analyst said, putting more pressure on pipeline companies to vastly expand capacity out of Alberta. The forecast comes as companies plot billions of dollars worth of new pipeline routes to stave off costly bottlenecks. The latest is Enbridge Inc's plan, announced Wednesday, to spend C$3.2 billion ($3.15 billion) on pipelines, most of it to get crude from Alberta to Eastern Canada. Production from the oil sands of northern Alberta, the world's third biggest crude resource, to jump up to 4.1 billion barrels a day by 2020 from last year's output of 1.6 million bpd. [/QUOTE]

Verification