Suncor leasing oil tanker ships to carry crude from Trans Mountain pipeline expansion [Globe and Mail, The (Toronto, Canada)]
Suncor Energy Inc. (SU)
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Source: Globe and Mail, The
Dave Oldreive, Suncor's executive vice-president responsible for refining, sales and marketing, says the company expects the crude oil loaded off the Trans Mountain pipeline onto tanker ships at the Westridge Marine Terminal in Burnaby, B.C., will be delivered primarily into California as well as Asian markets. He says Suncor's trading offices in Calgary, Houston and London, England have been working to strengthen relationships with customers along the West Coast and in Asia in order to capitalize on the opening of the Trans Mountain project. Oldreive made the comments Wednesday on a conference call with analysts to discuss Suncor's first-quarter financial results. The Trans Mountain pipeline expansion, which runs from Alberta to the B.C. coast and marked its official opening last week, gives Canadian oil shippers access to an additional 590,000 barrels-per-day of pipeline capacity. Sign up for the Energy Newsletter. Keep your finger on the pulse of the energy industry, inc
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