According to the U.S., "Oil and Gas Journal" The latest statistics show that ended in January 2009, Canada has a 178 billion barrels of proven oil reserves, second only to Saudi Arabia, the world's second-place ranking. Those of the majority of proven oil reserves (more than 95%) are located in Alberta's oil sands reserves. Oil sands and conventional crude oil than in the extraction and processing more difficult.
Canada is a net exporter of oil in 2008, net oil exports one million barrels / day. Canadian oil production in 2008 reached 3.35 million barrels / day, decreased slightly in 2007 than 70,000 barrels / day. Despite the decline last year, but in the past decade, Canada's oil production has been a steady increase, as new oil sands projects and offshore oil project put into operation one after another to make up for the old oil field production. Canada, in 2008 consumption of 2,320,000 barrels / day of oil. Canadian oil exports goes to the United States more than 99%.
Jul. 15, 2009
