SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Fascist Oligarchs Attack Cute Cuddly Canadians
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: E. Charters who wrote (1163)12/12/2004 10:17:43 PM
From: marcos  Read Replies (1) of 1293
 
Here, these people have got the idea - we can't switch customers for our oil until we've got pipelines to salt water .... pump it to Rupert, from there it's a matter only of telling the ship driver to head west for China instead of south to Dubyastan

' CALGARY - A Calgary company says it could have an oil
pipeline built across northern British Columbia by the end of
the decade.

Enbridge says says there is a lot of international interest in its
Gateway project and it expects to reach preliminary supply
deals with refineries in China sometime next year.

Enbridge says the best way
to connect supply and
demand is through an oil
pipeline between northern
Alberta and the B.C. north
coast.

The company is proposing to
build a 1,200-kilometre
pipeline and a tanker facility at either Prince Rupert or
Kitimat to ship the oil overseas.

Enbridge president Patrick Daniel says the Asians and the
Americans are interested in tapping into Canada's oil supply.

"We assume that 20 to 25 per cent will go into the California
market, so that means 75 to 80 per cent will go into
southeast Asia, primarily China." There is also significant
interest in Japan and in South Korea, he says.

Daniel says he hopes initial agreements will be signed
between Enbridge, Chinese refiners and Canadian
producers early next year, with formal contracts by
mid-2005.

Daniel says he isn't aware of any opposition to the pipeline
from northern B.C. residents and he doesn't expect any. He
says people want to see economic development in the
region.

Approval from the National Energy Board could be several
years away.

If the company gets the go-ahead, it will spend $2.5 billion
on the pipeline, which it hopes to have operating by 2009.'

cbc.ca
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News