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Canada to Hike Oil, Gas Output 300,000 Barrels a Day to Help Displace Russian Fuel

By The Canadian Press

 

Natural Resources Minister Jonathan Wilkinson says Canada can produce and export another 300,000 barrels of oil and natural gas per day as part of a global effort to displace Russian fossil fuels.

Wilkinson is in Paris for an International Energy Agency meeting, which was focused heavily on helping Europe reduce its strong dependence on Russia for oil and gas.

He says consultations with industry have identified that Canada can speed up production and also has the pipeline capacity to make small increases to its oil and gas exports by the end of this year.

That includes 200,000 barrels per day of oil and 100,000 barrels of oil equivalent per day of natural gas.

 

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