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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.; N2 k& [' v- f1 h$ @; j8 a: R
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The production and market outlook paints two scenarios.
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" H# W+ Y( a9 OUnder 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.5 w5 ]% T; L3 s
: u- z0 X. m$ z$ G. {CAPP 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.8 T/ Q( r* k# E; V6 k- L/ h
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"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."* W$ t9 Z6 W; v( t8 |, {7 @( y, v
( P" |4 R0 y3 ]/ I1 SCAPP sees no need for more pipe-line capacity in the decade ahead., g" O5 o4 Z: K
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"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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