At a time when exports of rapeseed and other products to China have fallen sharply, Canada’s plan to export crude oil to China has now been further shelved.
According to the Russian News Agency citing relevant sources on June 14, a serious accident occurred on the Canadian Trans Mountain Oil Pipeline that day. The oil spill is estimated to have leaked 940 to 1,195 barrels of crude oil – and if a barrel of crude oil is about 159 liters, this means that the Trans Mountain Pipeline Company (Trans Mountain) lost at least about 150,000 liters of crude oil, and may affect Al The province of Berta supplies crude oil to the capital Vancouver. At present, the pipeline has been closed and the oil leakage has been controlled.
In fact, long before the oil spill occurred, the Trans Mountain Oil Pipeline had “high hopes” from decisive Canadians “. It is reported that Canada hopes to expand this pipeline to further obtain the dividends of being a major oil country. Previously, Canada’s oil dividends have been restricted by the United States for a long time. If the latter says to lower prices, it must lower prices, and if it says to increase supply, it must increase supply. This is also based on this , Canada is eager to expand its export market by expanding oil pipelines.
As early as 2018, the Canadian government announced that it would acquire the Trans Mountain Energy Pipeline expansion project, aiming to ensure that the amount of crude oil sent from Canada to the West Coast can be “doubled.” A decisive person in Canada said, “We hope to ensure that the pipeline expansion project is completed and then sold to a new operator, and to ensure that Canada can export crude oil to new Asian markets.”
It is not difficult to see that Canadian crude oil is targeting the huge Asian market – especially China, the world’s largest oil importer; but there has always been a lack of understanding of this issue within Canada. It is difficult to reach an agreement on the oil pipeline project, and now that a serious oil spill has occurred, the crude oil export plan to China may have to be shelved again.
Not only that, Canada’s exports of other products to China have also failed to show signs of improvement. Earlier data from Statistics Canada showed that the country’s exports to China in 2019 were 24.4 billion Canadian dollars (approximately 126.8 billion yuan), a sharp drop of 4.6 billion Canadian dollars (approximately 24 billion yuan) from the previous year. </p
