- Canada's Suncor Energy is leasing Aframax vessels in the Pacific and selling direct to customers, seeking to maximise profits on oil being shipped on the newly completed Trans Mountain pipeline expansion , the company said on Wednesday.
The company expects most crude will be sold in California, as well as markets in Asia, Dave Oldreive, Suncor's executive vice president of downstream said on a first quarter earnings call. "We've leased Aframax vessels that were operating in the Pacific, this gives us an advantage on shipping costs."
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »