Forbes.com: Canadians take aim at OPEC with new oil sands plan

Canadians take aim at OPEC with new oil sands plan

Forbes.com: Canadians take aim at OPEC with new oil sands plan: “Rather than waiting for refiners to make hefty investments in equipment allowing them to process more extra-heavy bitumen from oil sands, Canadian producers are testing a 50-50 blend of the gooey substance and synthetic oil, said Real Cusson, vice-president of Canadian Natural Resources Ltd., a major player behind the push.”

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The oil “cocktail” has similar properties to medium sour crude, 1 million barrels a day of which is used by Midwest refineries to make gasoline and other products, Cusson said. Nearly a third of that is imported from such Organization of Petroleum Exporting Countries members as Saudi Arabia and Venezuela.

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