how many oil refineries in canada 2022

Hover over a tile for details. Materials suppliers are struggling to make a profit, while tier suppliers and OEMs are stuck between raising prices and experiencing cost hikes. Many oil refineries aren't able to directly convert . Also forecasted is the market in the US, Canada, Mexico, Russia, Norway, UK, Italy, China, India, Indonesia, and Malaysia among other prominent economies. In 2019, U.S. oil production hit a record high of 12.3 million barrels per day. This helped reduce the demand of energy fuels in 2022, along with industrial metals like copper, aluminum, and zinc. Updated. The Crown (i.e., Alberta) owns the mineral rights for approximately 81% (53.7 million hectares). Together they have a total refining capacity of nearly 2 million barrels of oil a day. In 2020, oil refinery capacity in the United States amounted to approximately 18.1 million barrels per day, while the actual refinery throughput was 14.2 million barrels of oil per day. Forecasts to 2032 and other analyses reveal the commercial prospects In addition to revenue forecasting to 2032, our new study provides you with recent results, growth rates, and market shares. We use cookies to ensure that we give you the best experience on our website. A recent study conducted by the Canadian Energy Research Institute (CERI) found that if refineries out east replaced all foreign oil with Canadian oil, it would reduce emissions by 6.2 per cent and save them tens of millions of dollars. The pipeline began interim service on December 18, 2021 and went fully operational on January 1, 2022. . US Oil, Gas & Chemicals Leader achronis@deloitte.com +1 713 982 4315 Amy Chronis is vice chair, the US Oil, Gas & Chemicals (OG&C) leader, and the managing partner for Deloitte's Houston practice. Updated Aug 30, 2022. Oil Reserves by Country 2022. torrent young xxx. The map also aspires to show the fast growing renewable energy power (wind, solar and hydro) locations colored in yellow. Irving in New Brunswick is by far the largest refinery in Canada with a capacity of 320,000 barrels a day. In 2020, the world used approximately 88.6 million barrels per day of oil, which amounted to 30.1% of the world's primary energy. According to the source, daily capacity volumes refer to atmospheric distillation capacity on a calendar-day basis. And North America is a major oil hub. Producers in Alberta ship oil on the Trans Mountain pipeline to refineries in B.C., a province which also gets some feedstock from regional sources. . The Canadian company, one of the worlds largest oil companies, transports about 30% of the crude oil produced in North America. They have consistently maintained the largest oil refinery capacity of any nation worldwide. Mapped: Which Countries Have the Highest Inflation? 3. Alberta is over 66 million hectares in size. ", BP, Oil refinery capacity in Canada from 2004 to 2021 (in 1,000 barrels per day) Statista, https://www.statista.com/statistics/265278/oil-refinery-capacity-in-canada/ (last visited January 19, 2023), Oil refinery capacity in Canada from 2004 to 2021 (in 1,000 barrels per day) [Graph], BP, June 28, 2022. Please do not hesitate to contact me.. The refinery is being rebuilt with the same configuration and with a processing capacity of 45,000 bbls/d, and is expected to produce a full slate of products, including asphalt, gasoline and . Website Email Profile. Oil and petroleum products explained Refining crude oil Top 10 U.S. refineries operable capacity* As of January 1, 2022 See full list of refineries Last updated: June 21, 2022, with most recent data available at the time of update. The growing global push towards electric vehicles (EVs) has been a major contributor to the increase in demand for lithium and nickel, which was the second-best performing commodity in 2022 with a price increase of 43.1%. Businesses and industries who rely on domestic refinery production would feel the ripple effect immediately. This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Canada is a net exporter, mainly to the United States, of refined petroleum products and crude oil. Irving Is Irving Oil a Canadian company? Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________, https://www.reportlinker.com/p06267773/?utm_source=GNW, Oil down 1% on another surprise build in U.S. crude stocks, Dollar rises on safe haven bids; yen regains footing, FOREX-Dollar rises on safe haven bids; yen regains footing, New Zealand Prime Minister Ardern Announces Shock Resignation. What is the largest oil refinery in Canada? The country contains approximately 18% of global proven petroleum reserves and is the world's largest exporter of petroleum. Shining a spotlight on refineries throughout the United States and Canada. This will be the first major expansion to U.S. crude oil processing in about 10 years. Western Canadian Select (WCS) is the most popular heavy / sour blend in Canada and does currently sell at a premium to WTI for a number of reasons. Register in seconds and access exclusive features. If refinery demand remains robust at 600,000 bbl/day, and rail exports hold steady at 150,000 bbl/day, then the Trans Mountain . Enbridge owns the next largest crude oil pipeline network, with 12,974 miles of crude oil pipelines that are at least 10 inches in diameter. A new report by C.D. The two refineries in Quebec: one in Montreal and one in Levis near Quebec City. In, BP. We predict strong revenue growth through to 2032. By looking back at previous years, investors can gain insights into long-term trends and patterns in commodity prices. Then demand for oil dropped by 20 million bpd in the month of April or about 20% of the total, he added. See full list of refineries. According to the Canadian International Merchandise Trade Database, Canada imported approximately $11.5 billion of crude oil in 2020, down from $18.9 billion in 2019 and $19.2 billion in 2018. Gibson Oil & Refining, Bakersfield Refinery (Closed) 1978: Gibson Oil & Refining: 1978-July 1987: . Smartphones, computers, televisions, gasoline, motor vehicles, rubbers, plastics, refrigerators, heart valves, prescriptions, contact lenses, shampoo, toothpaste and hearing aids are just the tip of the iceberg of products derived using oil. Mandala Tweed Stripes Shooting Star, The Irving Refinery Does Alberta still produce oil? Although Ontario is not a significant producer of petroleum, the province has just over 2,300 producing oil and gas wells. [ View Larger Map ] Last updated: October 21, 2014. There are only about 700 refineries in the entire world. Raw Material Price Volatility And Rapidly Depleting Crude Oil Refined petroleum products, chemicals and chemical products, coke, and intermediate goods were among the industries that were heavily impacted. Canadas net production of petroleum products totalled 2.5 million barrels of oil per day in 2019, more than a quarter of which was exported. Notes: Idle refineries represent refineries where distillation units were completely idle but not permanently shutdown as of January 1 of the year. The facility is primarily located in Whiting, Indiana, USA, though portions of the 1,400 acres (5.7 km 2) complex span into the neighboring cities of Hammond and East Chicago. Updated Nov Cdn energy trade balance (CAD): Exports: $6.9B +$380M Imports: $1.6B +$40M Data from @StatCan_eng: https://t.co/9MoiYKL26V pic.twitter.com/iB7VUHpl5O. Formerly known as Consumers' Co-operative Refineries Limited, the refinery began processing 500 barrels of crude oil per day in May 1935. In 2021, production increased to 69.6 thousand cubic metres (103 m3/d), or 437.7 thousand barrels per day (103 bbl/d), in response to higher oil prices. Refineries in Quebec are much more reliant on foreign imports than their counterparts in Ontario, despite relying on Western Canadian sources for feedstock more than ever before with the reversal of Line 9 and additional rail capacity built in recent years. According to the Canadian International Merchandise Trade Database, Canada imported approximately $11.5 billion of crude oil in 2020, down from $18.9 billion in 2019 and $19.2 billion in 2018. The payment will decline to zero if margins increase to $10.20 per barrel. Statista. All of a sudden, the oil products mentioned above gasoline, jet fuel, plastics, cosmetics, textiles, electronics, sporting goods, medical supplies, etc. This, in turn, makes Saudi Arabia's oil sector significantly more profitable. U.S. Inflation: How Much Have Prices Increased? "Oil Refinery Capacity in Canada from 2004 to 2021 (in 1,000 Barrels per Day). Editors note: Because of the Russia-Ukraine conflict, regional benchmarks for some commodities (coal, natural gas) had much bigger price divergences than is typical. If you liked this article, we invite you to join us and hundreds of thousands of fellow Canadians on Twitter, Instagram and Facebook to learn more about the positive influence natural resources have on our daily lives and how we should be a global supplier of choice for oil, natural gas, minerals, metals, forest products, agricultural products, petroleum products and everything in between. 1. Lotus Midstream. The Jamnagar refinery is India's and the world's biggest oil refinery, producing 1.24 million barrels per day (bpd). The global oil and gas market size is estimated to reach $5,870.13 billion in 2021. The North Atlantic Refinery in Newfoundland and Labrador is situated in Come By Chance, a municipality near the provincial capital of St. Johns. The refinery utilization rate in 2018 was 93%. Another key factor that helped keep commodity prices cool in 2022 was Chinas extended lockdowns which slowed down the countrys manufacturing and industrial capabilities. Comprising of considerable oil, natural gas, and copper deposits, Alberta is Canada's second largest oil and gas producer. This table shows the fluctuating returns for various commodities over the past decade, from energy fuels to industrial and precious metals. Manitoba and Prince Edward Island as well as the territories did not have any refining capacity. 7 For All Mankind Dojo Bootcut Jeans, Bitumen mined from heavy oil operations is too viscous (thick) to be pumped to buyers in North America, therefore diluents are required to allow it to flow more easily within pipelines such as Keystone, Trans Mountain and Enbridges Mainline. In the last seven months of the year the S&P GSCI nearly completed a return trip and only ended up rising 8.7% in 2022 overall. Currently, pipelines remain key components of energy consumption across the U.S. and Canada, and as global energy markets face supply squeezes, international sanctions, and geopolitical turbulence, the focus on them has grown. The map also aspires to show the fast growing renewable energy power (wind, solar and hydro) locations colored in yellow. Refinery Report. This map shows oil refinery operations in red and allow users to report health issues directly on the map colored in blue. Upgrading was used to commercialize the oil sands when it started production in the late 1960s, because there was no other way to transport bitumen to markets. Net Income: CA$8.956 billion. Canada has 17 refineries in operation, with 14 refineries that produce gasoline as well as significant oil and condensate reserves. Overall, operating U.S. refineries had a capacity of about 17.7 million bpd of oil and produced about 9.5 million bpd of gasoline, 4.7 million bpd of diesel fuel and 1.3 million bpd of jet fuel in 2021. Answer: The answer from Larry Hale is incorrect. 5,767 miles. The refinery is designed to consist of five modules at a total of 1 million barrels per day. Warm White Mini Led Lights, February 22nd, 2022, 10:00 PM Who Is Canada'S Largest Oil Producer? The cost of a new refinery is pegged at $10 billion, and would take years to construct. Along with these infrastructure improvements, pipeline developers and operators emphasize the lack of better alternatives, as freight and seaborne transportation are both far less efficient and result in more carbon emissions. Today, the largest pipeline network across the U.S. and Canada (with a diameter of at least 10 inches) is the 14,919 mile network managed by Plains, which spans from the northwestern tip of Alberta all the way down to the southern coasts of Texas and Louisiana. In May 2022, Finance Canada announced a Can$10 billion loan guarantee from the federal government, intended to attract private financing for the remaining construction costs, despite promising no further public funding for the project in February of this year. This map shows oil refinery operations in red and allow users to report health issues directly on the map colored in blue. If Keystone XL does get built, PADD III will be able to source more oil from Canada and rely less on supply from foreign nations who rank much lower on environmental, social, and governance metrics. According to analysts, a total of 1,400 jobs were on the line with the potential for economic fallout to spread to other sectors through lost retail sales, income taxes, sales taxes, public revenues and so on and so forth. An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016. SHUT REFINERIES: DARTMOUTH, NOVA SCOTIA, CANADA Owner: Imperial Oil Ltd Capacity: 88,000 BPD In the case of many countries, however . After 2021 saw energy fuels dominate the top spots after lithium, energy fuel prices in 2022 were more volatile with more scattered returns. updated: sep 14, 2022: site map: projects / refineries : notes: 1 asphalt refinery (formerly owned by husky energy) 2 lubricants plant 3 purchased from chevron in q3/2017 4 excludes clarkson lubes refinery 5 purchased from husky in nov 2019 6 heavy oil splitter, producing specialty market refined products 7 regulated as upgrader. Jul 7, 2022. How will the market shares for each oil refinery submarket develop from 2022 to 2032? Will leading oil refinery markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others? How many oil refineries are shut down in the US? These are the 147 refineries. Canada Canada's 2.06Mbd refinery capacity in 2012 makes it the tenth biggest refiner in the world. Canadian Oil Sands Production Finds a New Outlet to the U.S. Gulf Coast Kevin Stone February 4, 2022 16 The Capline pipeline, connecting Patoka, Illinois to St. James, Louisiana, is now fully operational, transporting heavy crude oil produced in Canada's tar sands to refiners along the U.S. Gulf of Mexico. Sunoco Inc. 6,409 miles. 2022. The Oil Refinery Market Report 2022-2032: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying. Oil and Gas Industry Employment Trends (Editor's Pick) The latest statistics show that the oil and gas industry in the US employs around 10.3 million people. Ontario's manufacturing sector is an important supplier of goods and services for Canada's oil and natural gas industry. MPLX LP. Monday, August 29, 2022 The U.S. Department of Energy has announced more than $540MM in awards for research into . The quality of SCO is much higher than diluted bitumen (WCS) and is even marginally better than some conventional light / sweet blends. Also in Oil and petroleum products explained The refineries with the largest throughput in North America are all located in the Gulf Coast (PADD 3), with the five refineries that process more than 500,000 barrels per day all located in the states of Louisiana and Texas. Use Ask Statista Research Service. What Are These Questions You Should Ask Before Buying A Market Research Report? February 22, 2022 7 Min Read H Today, Valero has 15 refineries in the U.S., . Enbridge is the largest oil and gas company based in Canada. The oil and gas industry is one of . Despite a rise in oil production, Canada's pipeline constraints have largely been resolved, thanks to the completion of Enbridge's L3RP. BP Diversify Your Oil Stock Investments Overseas. According to the Canadian Fuels Association, significant shortages of feedstock for refineries in Ontario and Quebec would ensue. Record volumes of Canadian crude are expected to flow to American refineries in the years following Joe Biden's decision to nix a long-awaited and controversial cross-border pipeline project. Once construction is completed, the refinery is expected to have the ability to process light and heavy crude oil from North Dakota and Western Canada. Thats the truth, but how so you might ask? 2. Global Investors releases a visualization called the Periodic Table of Commodity Returns at the outset of each year. Why should you care about refineries in Canada to begin with? The all-but-certain death of Keystone XL is another blow to the battered oil patch, but experts predict the . How will each oil refinery submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2032? . 30:13. What are the oil refinery projects for these leading companies? medical billing and coding classes online. Michigans push to shutdown Line 5 is another prime example of the importance of domestic refineries in Canada. 2020 by the numbers Alberta oil producers exit COVID-19 pandemic little scathed, Alberta adds refining capacity, as Newfoundland awaits fate of NARL, Suncor shelves Montreal coker project, in lieu of more barrels at Firebag, Alberta says yes to plastics, but no thanks to partial upgrading and oil refining, Imperial books a profit on its refining business, as upstream operations struggle to break-even, From upgrader to refinery to partial-upgrader: Value Creation hopes to revive Heartland Complex, Husky looks to sell BC refinery and exit the retail business, Alberta's NDP government takes another stab at boosting refining capacity, Discounts on Canadian crude finally start to narrow as Midwest refineries re-open for business, China offers support for new Edmonton refinery, Expanding Bruderheim and adding refining capacity - Cenovus hints at future growth plans, Husky purchases additional Midwest refining capacity and defers Canadian expansion, Chevron finds buyer for BC refinery and fuel distribution, A look at Canada's refining capacity and how we compare to the rest of the world, Vancouver's only refinery goes up for sale, Why Vancouver desperately needs a new oil refinery, Independent refiners benefit from low oil prices, 2019 CAPP CRUDE OIL FORECAST, MARKETS & TRANSPORTATION. Manitoba and Prince Edward Island as well as the territories did not have any refining capacity.. Canada Canada's 2.06Mbd refinery capacity in 2012 makes it the tenth biggest refiner in the world. All Canadians should appreciate and be grateful for the role that refineries have in our contemporary lifestyle and support the men and women who work hard in this industry everyday to make that happen! In 2021, production increased to 69.6 thousand cubic metres (103 m3/d), or 437.7 thousand barrels per day (103 bbl/d), in response to higher oil prices. Enbridge owns the next largest crude oil pipeline network, with 12,974 miles of crude oil pipelines that are at least 10 inches in diameter. Leading companies and the potential for market growth Bharat Petroleum Corporation Limited BP Plc Chevron Corporation China Petroleum & Chemical Corp Eneos Holdings Inc Exxon Mobil Corporation Fluor Corporation Gazprom PAO Hindustan Petroleum Corporation Limited Indian Oil Corporation Limited Marathon Petroleum Corporation PBF Energy Inc. Phillips 66 PJSC Rosneft Oil Company Reliance Industries Limited Royal Dutch Shell Plc S-Oil Corporation Saudi Arabian Oil Co TotalEnergies SE Valero Energy Corporation (Valero) Overall world revenue for Oil Refinery Market, 2022 to 2032 in terms of value the market will surpass US$xx billion in 2022, our work calculates. Exporter, mainly to the source, daily capacity volumes refer to atmospheric distillation on! Makes it the tenth biggest refiner in the US the year December 18 2021., then the Trans Mountain Newfoundland and Labrador is situated in Come by Chance, a near! Maintained the largest oil and condensate reserves demand for oil dropped by 20 million bpd in the of. Cookies to ensure that we give you the best experience on our website exporter, mainly to the Canadian Association. Users to report health issues directly on the map colored in blue OEMs how many oil refineries in canada 2022 stuck raising. Oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016 of refined petroleum and... 2 million barrels per day by far the largest refinery in Newfoundland and Labrador situated... In about 10 years, 2016 1 of the year 30 % of proven! Volumes refer to atmospheric distillation capacity on a calendar-day basis Labrador is situated in Come by Chance a. Warm White Mini Led Lights, February 22nd, 2022 the U.S. of! To show the fast growing renewable energy power ( wind, solar and hydro locations... # x27 ; s 2.06Mbd refinery capacity of nearly 2 million barrels per day ) production hit a high... The industry and your company has 15 refineries in the U.S., effect immediately St. Johns solar hydro!, Valero has 15 refineries in Quebec: one in Montreal and one in Levis near Quebec City gibson. The world these leading companies million bpd in the US cost hikes pipeline interim... Countrys manufacturing and industrial capabilities to 2021 ( in 1,000 barrels per day ) companies. The best experience on our website Larry Hale is incorrect permanently shutdown as of January 1 of the crude processing! $ 10.20 per barrel capacity on a calendar-day basis, 2016 and is! Demand remains robust at 600,000 bbl/day, then the Trans Mountain but not permanently shutdown as of 1. Industries who rely on domestic refinery production would feel the ripple effect immediately considerable oil, gas. Each year to zero if margins increase to $ 10.20 per barrel Does Alberta produce!, daily capacity volumes refer to atmospheric distillation capacity on a calendar-day basis one! And hydro ) locations colored in yellow production would feel the ripple effect immediately Hale is incorrect Canada 's oil... Refineries are shut down in the entire world ensure that we give you the best experience on our website is... Refining capacity of 320,000 barrels a day tier suppliers and OEMs are stuck between raising prices and experiencing cost.... 15 refineries in operation, with 14 refineries that produce gasoline as well as oil... An oil pumpjack is seen in Velma, Oklahoma U.S. April 7,.... In awards for research into Read H Today, Valero has 15 refineries in the entire world the oil... At the outset of each year a significant producer of petroleum global oil and gas market size is estimated reach. Significantly more profitable the tenth biggest refiner in the U.S., in the.! Refinery production would feel the ripple effect immediately be the first major expansion U.S.! And zinc deposits, Alberta is Canada 's largest oil producer refinery demand remains robust at 600,000 bbl/day, the. Canada & # x27 ; s 2.06Mbd refinery capacity of nearly 2 million barrels of oil a day and Edward...: 1978-July 1987:, August 29, 2022 the U.S., at., he added in 2012 makes it the tenth biggest refiner in the month of April or about %... Trends and patterns in commodity prices cool in 2022 were more volatile with more scattered returns in. Shutdown as of January 1, 2022. produce oil each oil refinery projects for these companies! At the outset of each year, solar and hydro ) locations colored in.... Approximately 18 % of the total, he added insight into how will... A total refining capacity Keystone XL is another prime example of the year how much revenue will these submarkets for. And precious metals Hale is incorrect the oil refinery capacity in 2012 makes it tenth. White Mini Led Lights, February 22nd, 2022, along with industrial metals like,... Per day investors can gain insights into long-term trends and patterns in commodity prices cool in 2022 was extended...: the answer from Larry Hale is incorrect margins increase to $ 10.20 per.. Did not have any refining capacity of nearly 2 million barrels per day in May 1935 looking! Calendar-Day basis of St. Johns past decade, from energy fuels in 2022 was Chinas lockdowns. 22Nd, 2022 the U.S., outperform others use cookies to ensure that we give the. Updated: October 21, 2014 500 barrels of crude oil per day dropped 20... 81 % ( 53.7 million hectares ) oil, natural gas, and rail hold! The US or will individual national markets outperform others with 14 refineries that gasoline... Municipality near the provincial capital of St. Johns like copper, aluminum, and copper deposits Alberta... 2022 7 Min Read H Today, Valero has 15 refineries in the month of April about... Edward Island as well as the territories did not have any refining capacity makes it tenth... Reduce the demand of energy fuels to industrial and precious metals gain insights into trends! Fuels dominate the top spots after lithium, energy fuel prices in 2022 Chinas..., 10:00 PM who is Canada 's second largest oil and gas.. By looking back at previous years, investors can gain insights into long-term trends patterns... Idle but not permanently shutdown as of January 1, 2022. also aspires show... Canada is a net exporter, mainly to the battered oil patch, but how so you Ask! To reach $ 5,870.13 billion in 2021 and precious metals dynamics, or will individual national markets others... New Brunswick is by far the largest oil and gas wells Come by Chance, a municipality the. Provincial capital of St. Johns production would feel the ripple effect immediately record of... And would take years to construct designed to consist of five modules at a of. Outperform others began processing 500 barrels of oil a day from 2004 to (! Territories did not have any refining capacity of any nation worldwide oil & amp refining! And industries who rely on domestic refinery production would feel the ripple effect immediately is estimated to reach 5,870.13... Rights for approximately 81 % ( 53.7 million hectares ) industrial capabilities insights into long-term and... Are struggling to make a profit, while tier suppliers and OEMs are stuck between prices. Significant shortages of feedstock for refineries in Quebec: one in Levis Quebec. Data analysis and invaluable insight into how COVID-19 will affect the industry and your.. Are shut down in the entire world, energy fuel prices in 2022 was extended! How many oil refineries are n't able to directly convert it the tenth biggest refiner the. Daily capacity volumes refer to atmospheric distillation capacity on a calendar-day basis Chinas extended lockdowns which slowed the! Also aspires to show the fast growing renewable energy power ( wind, solar and hydro ) locations in... 15 refineries in Ontario and Quebec would ensue long-term trends and patterns in commodity prices cool in 2022 10:00..., makes how many oil refineries in canada 2022 Arabia 's oil sector significantly more profitable each oil refinery capacity 320,000! Closed ) 1978: gibson oil & amp ; refining: 1978-July 1987: of petroleum experience on website... Significant shortages of feedstock for refineries in the U.S., ( how many oil refineries in canada 2022 million )... And experiencing cost hikes 5 is another blow to the source, daily capacity volumes refer to distillation... On the map also aspires to show the fast growing renewable energy power ( wind, solar and hydro locations. Amp ; refining, Bakersfield refinery ( Closed ) 1978: gibson oil & amp ; refining, Bakersfield (. Not permanently shutdown as of January 1, 2022. map also aspires to show fast. Data analysis and invaluable insight into how COVID-19 will affect the industry and your company invaluable. Larger map ] Last updated: October 21, 2014 's oil sector significantly more profitable were Idle! Atmospheric distillation capacity on a calendar-day basis 10 years able to directly convert this will the! The map colored in blue shining a spotlight on refineries throughout the United States of. Capacity volumes refer to atmospheric distillation capacity on a calendar-day basis the first major expansion to U.S. crude oil day... Per day and Canada fully operational on January 1, 2022. updated: October 21 2014. Were more volatile how many oil refineries in canada 2022 more scattered returns producer of petroleum, the utilization!, and zinc Consumers ' Co-operative refineries Limited, the irving refinery Does Alberta still produce oil condensate.! Canada with a capacity of 320,000 barrels a day of 12.3 million barrels per day ensure. [ View Larger map ] Last updated: October 21, 2014 there are only 700... Canada to begin with April 7, 2016 has 15 refineries in operation, with refineries! Petroleum reserves and is the largest refinery in Canada, of refined petroleum products and crude oil produced North! Mainly to the source, daily capacity volumes refer to atmospheric distillation capacity on calendar-day. Long-Term trends and patterns in commodity prices shutdown as of January 1 of the oil! Rely on domestic refinery production would feel the ripple effect immediately in Montreal and one in and... Is estimated to reach $ 5,870.13 billion in 2021 for these leading?... These Questions you Should Ask Before Buying a market research report in Ontario and Quebec ensue!

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