A new pipeline agreement aims to transport 1 million barrels per day from Alberta to British Columbia, supporting oil sands expansion.
Canada’s federal and Alberta provincial governments, alongside major oil sands producers, finalized terms for the West Coast Oil Pipeline (WCOP). The project will enable an additional 1 million barrels per day of oil sands output to reach British Columbia’s coast for export.
The deal includes financial commitments from Alberta to support production growth, addressing long-term infrastructure constraints. Previous pipeline capacity limitations have hindered oil sands expansion, with existing routes operating near full capacity.
No immediate market reaction was reported, but the agreement is expected to ease export bottlenecks and bolster crude supply forecasts.