Trudeau’s mega pipeline promises to redraw global oil flows ...Middle East

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Trudeau’s mega pipeline promises to redraw global oil flows
source : canadian news today ( Middle East ) () 22
Canada, home to the world’s third-largest crude deposits, is poised to reshuffle global oil flows next year and potentially ease price surge worries in cash-strapped importing nations. The nearly completed expansion of the Trans Mountain pipeline promises to vault Canada into a new role in global markets by transporting an additional 600,000 barrels a day — on par with the daily output of Azerbaijan — from the country’s vast oil sands to a port on the Pacific Coast. For Canada’s producers, the government-owned project offers a chance to break their almost total dependence on exports to the US and win higher prices for their crude. For global markets, the Trans Mountain expansion represents

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