July 2008

Trends and Resources

HP Impact: HPImpact: US refiners to spend $15 billion capitalizing on Canada's heavy oil

A new industry report examines whether planned investments in the midstream and downstream will be sufficient to accommodate growing volumes of Canadian oil sands production. The analysis, from Wood M..

Weirauch, Wendy, Hydrocarbon Processing Staff

A new industry report examines whether planned investments in the midstream and downstream will be sufficient to accommodate growing volumes of Canadian oil sands production. The analysis, from Wood Mackenzie (www.woodmac.com), says that projected growth of Alberta oil sands output, which has in-place resources of approximately 1,750 billion barrels, is triggering a wave of investments. Pipeline companies and US refiners plan to invest more than $31 billion up to 2015 to export and distribute oil sands products as well as to process them in the US refining system. These projections are based on disclosed project costs (excluding investments in internal pipelines in Alberta, the Canadian re

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