Key facts
- Rongsheng Petrochemical is considering an agreement to buy oil from a proposed pipeline to British Columbia.
- The proposed pipeline would have a capacity of one million barrels per day.
- Rongsheng is already the largest buyer of crude from Canada's sole West Coast pipeline.
Rongsheng Petrochemical Co., a major player in the energy sector and currently the largest purchaser of crude oil from Canada's only West Coast pipeline, is reportedly evaluating a potential agreement. This prospective deal involves securing oil supplies from a new, proposed pipeline project that aims to transport one million barrels of oil per day from Alberta to British Columbia. The consideration of this pact by Rongsheng highlights the company's strategic interest in expanding its access to Canadian crude oil resources and securing future supply chains.