A Chinese company has bought a cargo of Canadian crude, to be shipped via the expanded Trans Mountain pipeline in May-June, Bloomberg has reported, citing trading sources who wished to remain unnamed. The buyer is Sinochem and the cargo is of 550,000 barrels of heavy crude produced by Suncor, the report added. The grade has similar properties to Iraq’s Basrah crude, the sources told Bloomberg. The Canadian oil industry has eagerly awaited the completion of the Trans Mountain expansion, which would add 590,000 bpd to capacity, opening up international…
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