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Alberta's oilsands could push Canada's oil production to more than 4.2 million barrels a day by 2025, compared with 2.7 million bpd currently, if the investment climate improves over time, said the Canadian Association of Petroleum Producers in a forecast released Friday.
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3 t9 i. i" {& b; HThe production and market outlook paints two scenarios.
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+ S7 y8 j- K. v, e+ DUnder a conservative approach, which includes projects operating or under construction, Canadian crude oil output would rise to just 2.8 million bpd by 2025, with the oilsands replacing declining conventional production.& {. M1 i! Q. O2 F6 `2 ]- G1 e
$ a1 K: D; K$ l* W9 JCAPP sees oilsands output increasing to two million bpd under its conservative approach, compared with 3.3 million bpd under its growth scenario, which assumes an improving economic market.
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' J! Q" f8 I$ ~"CAPP's production forecast indicates that even with delays due to current economic circumstances, oilsands production is expected to grow, although the pace of development has slowed," said Greg Stringham, vice-president for markets and oilsands. "Producers expect continued demand for the security of supply that crude oil from Canada provides to the North American energy market."1 `0 E: e {: |+ Q% q! V9 @) ^
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CAPP sees no need for more pipe-line capacity in the decade ahead.
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$ O2 L$ A( f2 H8 F6 ]+ R"In terms of pipeline capacity to meet market expectations, this year's outlook indicates that the significant pipeline development now under-way will amply connect forecasted production to long-term demand in the North American energy market," Stringham said |
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发表于 2009-6-6 17:59
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