Tuesday, 02 January 2024 12:17 GMT

Canada To Build Pipeline Transporting Oil To Pacific Ocean To Diversify Oil Exports


(MENAFN- Gulf Times) Canadian Prime Minister Mark Carney signed a memorandum of understanding to build a pipeline more than 1,000 kilometers long to transport oil to the Pacific Ocean, in order to partially reduce his country's dependence on the United States for its exports.

During the signing ceremony, Carney praised the agreement, saying it would make Canada stronger and more independent, and that the relationship with the United States, once very close, has now become a point of weakness her part, Premier of Alberta Danielle Smith said that the agreement with the province of Alberta stipulates that Ottawa will support the construction of the pipeline, which is planned to transport one million barrels of oil per day from Alberta to an export terminal on the west coast, from where the oil will be shipped to Asia added that the pipeline will mean that the province and the country will no longer depend on a single customer.

The project comes amid growing tensions between Ottawa and Washington since the election of President Donald Trump, who imposed tariffs on his neighbor and publicly called for annexing it to his country.

Canada pipeline Pacific Ocean oil exports

MENAFN02122025000067011011ID1110427266



Gulf Times

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search