The country plans to increase pipeline capacity to diversify its oil sales and grow revenue by reducing its reliance on the U.S. market.
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Canada Plans New West Coast Pipeline to Capture Near-Record Heavy Crude Premiums
Commodities19 hours ago
Canadian heavy crude oil is selling for premiums in Pacific markets that are near record levels. The pricing strengthens the case for the construction of a new pipeline to Canada's west coast to route more crude exports toward Asia.
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