India is considering Canada as a potential crude oil supplier, High Commissioner Dinesh Patnaik said on Wednesday at the Global Energy Show in Calgary, adding that the country’s newer refineries are designed to process heavy crude, making Canadian grades a viable option.
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Patnaik said officials from the two countries are meeting regularly to discuss opportunities for sourcing Canadian energy.
He said, however, that global investors remain cautious about Canada’s regulatory and project approval processes, which could affect the pace of energy cooperation.
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Separately, Abu Dhabi National Oil Company said on Tuesday it is exploring opportunities in Canada’s upstream and liquefied natural gas sectors through its international arm XRG.
Canada is the world’s fourth-largest crude oil producer and fifth-largest natural gas producer.
Rapeseed and bitumen…lol
Canada .. bringing the world substandard oil products to a market near you…for 60 years
Don’t believe the corporation
Sorry, the LPC has us under a strict do not build pipelines or ship via tanker order. This will NOT change. Alberta, strong & free!
If there’s revenue to generate, then do it. Simple. Forget America. They aren’t acting in good faith. They aren’t doing anything to help the CUSMA negotiations lead to everyone benefiting in different ways. They seem to want everything and give minimal in return. We have plenty of nations that will take our natural resources. Everyone needs them. We don’t need shoes, alcohol and cars. Those are wants. Move on and let them rot in their own created hell. Canada should not be appeasing the USA.
Ron Johnson: All the oil that is left is expensive. The conventional crude is mostly gone. Only enhanced recovery now – fracking, oil sands etc. Enhanced recovery needs a lot of energy. That’s why the emissions are so high. Humanity’s century long ‘free turn’ is over.
Canada needs to spend on renewables too.
Build pipe to Churchill port as Carney mentioned in the past.
The government won’t let it happen
elbows up pants down
How exactly will Canada get the oil to India? No pipelines east and no pipeline west.
Too bad Canada has a tanker ban. And also more expensive oil because of decarbonization. And US funded environmental and indigenous groups in BC stopping pipelines. And industrial carbon taxes making our crude more expensive. And 3/4 of the Liberal caucus against oil development. Otherwise we could sell millions of barrels of oil to India.
One step forward two steps back.
Germany is buying 1 million tonnes of LNG per year from Ksi Lisims terminal.
No one is investing anything.
Canada getting more appealing to foreign investors. First German LNG companies. Now Indian refiners.
so did 20 million of its people come as a package deal with this oil .is that the kicker?
Yep. All we need are pipelines… So where is Carney? trying to push carbon taxes. – promoting native ownership… Avoiding dealing with the Natives and the oil tanker ban.
“He said, however, that global investors remain cautious about Canada’s regulatory and project approval processes, which could affect the pace of energy cooperation.”
11 years of incompetent Liberal governments has that affect. Well done, Canada. lol