Canada's Enbridge is asking oil shippers to sign at least eight-year contra...
WINNIPEG, Manitoba/CALGARY, Alberta - Canada’s Enbridge is asking oil shippers to sign at least eight-year contracts to move crude on its Mainline pipeline network, as it proposes to shift away from a monthly allocation system, people with knowledge of the matter told Reuters.
The company declined, in an email, to confirm the minimum term it is seeking, saying it is commercially sensitive information. “If there is lack of pipe capacity, obviously the pipelines are in control and can dictate terms,” said Chief Executive Rob Morgan of Cona Resources Ltd, which produces up to 15,000 barrels of oil equivalent per day in Saskatchewan.Enbridge spokesman Jesse Semko said Enbridge hopes to meet the needs of all industry participants, but added that small producers account for an “extremely small” percentage of Mainline volume.
Shippers currently nominate how many barrels they wish to move monthly. Since demand always exceeds capacity, Enbridge rations space. “ is magnitudes larger than some of the other pipelines and it’s the backbone of Canadian shipments,” said Saskatchewan Energy Minister Bronwyn Eyre. “That for Saskatchewan producers, smaller producers, is a real concern. It’s the unknown of what might mean.”
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Exclusive: Canada farm minister informed that China has blocked two Canadian pork exportersCanada's agriculture minister said on Wednesday that her department officia...
और पढो »
Exclusive: China blocks imports from two Canadian pork producers amid diplomatic spatEXCLUSIVE: Canada farm minister informed that China has blocked two Canadian pork exporters via RodNickel_Rtrs reutersLjungg
और पढो »
Fed up Canada tells U.S. to help with China crisis or forget about favorsIn a sign of increasing frustration at what it sees as a lackluster U.S. response, Prime Minister Justin Trudeau's government is signaling it could withhold cooperation on major issues. China has upped the pressure on Canada in recent weeks over the arrest of Huawei Technologies Co Ltd Chief Financial
और पढो »
Fed up Canada tells U.S. to help with China crisis or forget about favorsCanada is leaning on the United States to help settle a dispute with China, whic...
और पढो »
Canada vows to defends its business in Cuba as U.S. opens way for lawsuitsCanada vowed on Friday to defend its businesses operating in Cuba after U.S. Pre...
और पढो »
In Canada, a little-known drug regulator shows its teethA tiny, little-known government agency is ramping up regulation of Canada's...
और पढो »
Pakistan Christian Asia Bibi has arrived in Canada, lawyer confirmsAsia Bibi, a Pakistani Christian woman freed from death row last year has arrived in Canada, according to her lawyer, Saif Ul Malook.
और पढो »
Canada seeks to address U.S. complaints about bidding process for fighter jets: sourceCanada's government is trying to address complaints about its military proc...
और पढो »
Pakistani Christian Aasia Bibi leaves country after blasphemy acquittalShe has landed in Canada, her lawyer told media, more than six months after she was acquitted in a blasphemy case by Pakistan's top court.
और पढो »
Huawei Canada executive leaves post, second departure from firm in four monthsA Huawei Canada executive said on Tuesday he had left his post after less than a...
और पढो »