One of the five largest energy producing countries in the world, along with China, the United States, as well as Saudi Arabia and Russia, is Canada. Minerals and industry are the main strength of the country's economy.
Canada oil production
Canada has been a rising star in the rankings of world oil producers and exporters for many years. All minerals, oil, gas and others make up the main strength of the Canadian economy and its we alth. Recently, there has been an increase in oil production in this country from the sands. By the way, not only these products are rich in Canada. You can find a wide variety of minerals here: these are non-ferrous metals, iron, ore, precious metals, coal, various s alts and much more, which is a real treasure of the country.
The oil production reserve in Canada is about 180 billion barrels owned by the state. Among all countries with oil reserves, Canada occupies an honorable third place. Oil production in Canada is generally in second place in the world (Saudi Arabia holds the championship). True, not everything is so simple, because most of the black goldburied in the oil sands. These minerals of Canada (oil, in particular) are being developed using very expensive and environmentally hazardous technologies that have low profitability.
Canadian oil sector
However, oil production and consumption in the country is steadily growing. With the advent of new technologies, minerals have become much easier to extract, as well as more profitable from an economic point of view.
Oil sector companies have been strategically restructured and consolidated, all privatized. Canada's oil production comes from three pillars: resources located in the Western Sedimentary Basin, offshore minerals in the Atlantic Ocean and oil sands, which are leaders in this trio.
Eastern coastal provinces of Canada will play an important role in the development of liquid fuel production. The mature oilfields of Newfoundland and Labrador - the shelves of the east - promise to bring oil production in this country to the first place in the future.
Canada's oil exports
Owner of vast reserves, Canada exports minerals mostly to the US. Nearly 97 percent of liquid fuel exports go there every year.
Since the beginning of the new millennium, Canada has become the largest oil exporter to the US, occupying a third of this market segment. In addition, Canada has entered the Chinese market. At the same time, since 2010, China has doubled its need for oil imports. At presentCanada is much more than other countries in supplying these resources to the Celestial Empire and takes pride of place in the top ten most powerful oil exporters in the world.
CNOOC has become the pioneer operator of the industrial-scale oil sands development plan. Large firms involved in the extraction of black gold are a springboard for the development of new technologies. Chinese companies are investing heavily in oil sands and other energy resources.
Canadian pipeline systems
The centers of oil production are interconnected by a system of pipelines. The refineries and export centers in the eastern provinces are connected to the West and the US by a major pipeline system into a single network. In general, the association of CPC (Canadian Pipeline Companies) transports 3 million barrels of oil every day. And from Western Canada, two and a half million barrels of oil are exported to Montana daily.
Only one pipeline network supplies crude oil. Its journey begins in the city of Edmonton, then passes through processing and distribution centers in Vancouver on its way to Illinois. The companies that operate the export pipeline network constantly have projects for new ways to deliver resources. After the implementation of these plans, the speed and volume of oil transfer from Alberta to the coast of Mexico will increase even more. In addition to black gold, Canada has other minerals.
Gas production in Canada
In terms of gas production, the maple leaf country holds fifth place among countries around the world. Canada is the fourth largest exporter of this product after Norway, Russia and Qatar. Minerals are mined in the Western Canadian Basin and on the shelves of the east coast, in the Newfoundland area, as well as in Nova Scotia and the Arctic. Widespread deposits of shale gas, methane, coal seams, tight gas and other types of unconventional gases have been discovered in Canada. Despite this, they are not yet developed extensively enough, in contrast to the United States. Five sedimentary basins rich in deposits of this resource are located in Canada. Three more potential shale plays are located in Quebec, Manitoba and Nova Scotia. However, in these communities, exploration is subject to legal and regulatory restrictions.
According to the National Energy Authority of Canada, two-thirds of Canada's gas is produced in Alberta, with British Columbia producing the remaining third.
Canada gas exports
Like other minerals, Canada sends oil and nearly all of its gas to the US. The main part of the resource is exported via the gas pipeline.
