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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.9 z+ X( O5 U( h
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The production and market outlook paints two scenarios.
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/ F7 S( R& w3 bUnder 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./ X5 K# b' l1 o
+ z7 v2 h- J" W2 B) BCAPP 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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6 [+ b3 `" h( e7 l8 q4 b) }* L"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."
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0 U1 q; q" Z* t2 ZCAPP sees no need for more pipe-line capacity in the decade ahead.* N8 f1 I: { R/ p# D U
) x1 D* f: R/ Y* P6 H! B q"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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