04 February 2014 18:14 [Source: ICIS news]
TORONTO (ICIS)--Suncor has expanded oil railcar shipments to its ?xml:namespace>
Suncor aims to expand the range of oil supplies to the
Oil railcar shipments from western
CEO Steve Williams, speaking during a conference call, also said that Suncor expects Canadian regulators to make a decision in the current first quarter on a project to reverse the flow of an existing oil pipeline to go from west to east to further increase oil supplies from Alberta to the
“We want to configure the Montreal refinery so we can optimise a broad basket of crude going in there, and that basket will include the full range of western crude, from upgraded synthetic crude right away through to dilute bitumen,” Williams said.
“But it will also include the opportunity to take discounted mid-continent crude in there as well, and it will include the ability to import crude over the water through the marine facility we have [at
“That flexibility, we think, is the most powerful position for the
Williams added that Suncor is steadily increasing the nameplate capacity of its four refineries in
“In a world where crude prices are volatile and integration drives profitability, expanding our existing refining capacity is extremely important – it’s a very low-cost way of growing both production and profitability,” he said.
In addition to
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