Oil production in Alberta continues to ramp up and the province set another record in February, as the long-awaited Trans Mountain pipeline expansion is expected to soon come online.Average daily output for the month rose by nearly three per cent, year over year, to 3.95 million barrels per day.
The latest monthly data from the Alberta Energy Regulator reflects a ongoing upward trend in the province's oil production.The forecast suggests the country's oil production could climb by 10 per cent and reach an all-time high of 5.3 million barrels per day by the end of 2024. The Trans Mountain expansion project will help move much of that oil from Alberta to the West Coast for export. The expansion will boost the pipeline's capacity to 890,000 barrels per day, up from 300,000 barrels per day.$34B Trans Mountain expansion pipeline begins filling with oil with first shipments before Canada DayRobson Fletcher's work for CBC Calgary focuses on data, analysis and investigative journalism.
Source: News Formal (newsformal.com)
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