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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.8 p6 d' H7 ]8 C3 ?5 B: m
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The production and market outlook paints two scenarios.
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3 R$ y3 H8 S5 M8 v# wUnder 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.
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+ d8 }4 `5 R1 f3 j+ S6 ^ _+ U9 hCAPP 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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! K/ s7 m! h! A* X1 t3 D% h$ _9 p"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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6 X+ `- L3 c9 {3 o$ v9 zCAPP sees no need for more pipe-line capacity in the decade ahead.% C$ y4 V# d) d. s; r5 d4 R
/ x6 b" o' g- t; f# K# U O. s5 q, w"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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