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Canada Oil Output Will Double by 2030, if Pipelines Built

Jun 6, 2013
(Bloomberg)

Canada’s crude output will more than double to 6.7 million barrels a day by 2030, provided new pipelines such as Keystone XL are built to transport growing oil-sands production, an industry group representing the country’s petroleum producers said.

Crude from the oil sands, the largest component of Canadian output, will rise to 5.2 million barrels a day by 2030 from 1.8 million currently, the Canadian Association of Petroleum Producers said in its 2013 annual forecast. The group boosted its overall estimate for Canada by 500,000 barrels a day from a 2012 outlook.