Canada Crude Oil Industry Potential Discussed in New Research Paper Published at MarketPublishers.com12 Apr 2012 • by Natalie Aster
LONDON – Over the next decades, Canada will play an increasing role in providing world markets with growing crude oil supplies. Global population growth, robust vehicle demand in Asia and the Middle East, rapid airplane growth, oil depletion, and continued geopolitical risk are some of the fundamental factors which will drive demand for the country’s crude oil. Most of Canada’s crude oil production growth will stem from its vast oil sands region which will be providing millions of additional barrels to global oil supplies for decades to come. The country’s total crude oil production is expected to rise by over 2 million barrels per day, to approach just below 5 million barrels per day by 2025. According to the Canadean Energy Research Institute (CERI), the total economic benefit from domestic increased oil sands production will be approximately USD 2.1 trillion by 2035.
New research paper “Will Canada Become The Next Oil Superpower?” prepared by Renaissance Analytics is aimed to explain how Canada plans to become one of the world’s leading crude oil producers. It gives an overview of the country, and lists ten fundamental factors expected to drive demand for domestic crude oil; describes the Canadian East Coast oil fields, major refineries, upgrading facilities, and the various grades of crude oil found in the country; details existing and several of the proposed pipelines in Canada; reviews steps being taken by local producers to reduce the environmental impact of producing in the vast oil sands. Furthermore, Canada’s top oil and gas producers, as well as the country’s two major pipeline companies are also highlighted.
Major producers discussed are: Canadian Natural Resources, Cenovus Energy, Encana, EOG Resources, Husky Energy, Imperial Oil, Suncor Energy, Syncrude Canada LTD., and Talisman Energy.
Major pipeline companies highlighted include: Enbridge and TransCanada.
Will Canada Become The Next Oil Superpower?
Published: April, 2012
Price: US$ 900,00
More new studies by the publisher can be found at Renaissance Analytics page.