Middle East Economic Survey
VOL. XLVII
No 27
05-July-2004
SUPPLY/DEMAND
Canadas Heavy Oil Not A Threat To Middle East Producers, Says FACTS
Canadian heavy oil production will be an important contributor to the US market, but is unlikely to reduce US dependence on Middle East crude supplies, according to FACTS Inc, Honolulu. In the report Canadian Heavy Oil: Answer To OPEC?, published in April, FACTS President Fereidun Fesharaki writes that Canadas heavy oil reserves are not convertible to actual...
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