This will be the first time Asia imports crude oil from Canada. The pipeline is expected to transfer 400,000 barrels of crude oil daily, half of which provided by PetroChina.
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Petrochina To Pump Gas From Canada
PetroChina and Canadian second largest pipeline operator Enbridge recently executed a memorandum of understanding
PetroChina and Canadian second largest pipeline operator Enbridge recently executed a memorandum of understanding on joint work on a project of building new pipeline and transporting crude oil from Canada to China.
The pipeline, of $2.02 billion worth, is expected to import 200,000 barrels of crude per day from Canada as early as 2009.
Enbridge plans to build Gateway, an oil pipeline with a 30-inch diameter and 1,160 kilometers long. It will transport crude oil produced from Alberta's Calgary Oil Sand to docks on the west coast, and then the crude will be carried by oil tankers to China, the Asia-Pacific area and California.
This will be the first time Asia imports crude oil from Canada. The pipeline is expected to transfer 400,000 barrels of crude oil daily, half of which provided by PetroChina.
This will be the first time Asia imports crude oil from Canada. The pipeline is expected to transfer 400,000 barrels of crude oil daily, half of which provided by PetroChina.
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