The sources say that Alberta is appointed a Japanese investment to increase oil exports

Alberta told a financial investment in the refining sector in Japan, and two sources familiar with this issue told Reuters.

It is an attempt to reduce the overwhelming boycott dependence on the UNIDSTESSTES For Oil PROPORTS.

The sources said that the Alberta government is in early stage talks with many Japanese crude oil refineries to explore a joint project in which it can help fund the Coker unit that would enable one or more Japanese companies to treat crude oil produced in Alberta panels.

Any deal will be unprecedented for Alberta, which has not been made by energy infrastructure investments in foreign countries. But the boycott is keen to increase its exports of oil since the opening of the Trans Mountain pipeline last year, which increased Canada’s ability to charge oil across the Pacific coast.

An agreement with Japan would help enhance the oil flows on Trisk Mountain-East and West Oil Pipeline in Canada-and will also help make the issue of a new export pipeline pressure by the Alberta government.

One of the sources said that Canada and Japan’s talks on investing in very early stages, and nothing had been completed.

For Japan, Coker will maintain heavy raw amount, such as Canadian oil, which can be treated in the country.

The heavy Canadian and sulfur crude is currently not currently compatible with most of the current refining facilities in Japan, and the country is now importing the largest part of the oil of the Middle East.

Supreme purchases of Canadian crude that can be transmitted directly across the Pacific Ocean would also reduce Japan’s dependence on shipments across the South China Sea, a marine strangulation point if regional tensions arise.

Canada is the fourth largest oil producer in the world, but the main oil -producing Alberta County, with limited access to water ports. This means that the largest part of Canadian oil-about 4 million barrels per day or 90 percent of its total exports-is sent to the United States via pipelines that run north to south.

Representatives of the Alberta government made several trips to Asia, especially Japan and South Korea, with the aim of paying attention to Canadian oil.

“Alberta explores opportunities in Japan to sell our light and heavy oil,” Alberta Brian Jean’s Energy Minister said in a statement sent by email. He refused to comment on whether the Alberta government was in investment talks in the refining sector in Japan.

A spokesman for the Federal Natural Resources Minister Tim Hodgson said that the Canadian federal government is aware of the current opportunities for Japan to buy additional quantities of Canadian oil.

The spokesman said in an email: “NRCAN is closely monitoring developments and remains open to partnership with provinces and industry to support strategic energy projects that provide national interests in Canada.”

Last year, the Trans Mountain pipeline was expanded that has doubled its capacity three times to 890,000 barrels per day and opened opportunities for Canadian oil along the American West Coast and in Asian markets.

China has emerged as the best Canadian crude buyer shipped via the Trans Mountain pipeline, followed by the American West Coast. South Korea recently climbed the purchases, surpassing third place, while Japan, India, Singapore, Brunei and Taiwan bought shipments on rare occasions.

Since expansion, the Japanese Eneos Holdings company has bought 250,000 barrels last year until now bought 550,000 barrels, according to SHIP KPLER followers.

The Trans Mountain Pipeline operator is also looking for a series of projects that aim to increase the system capacity by 200,000 to 300,000 barrels per day.

Meanwhile, the Alberta government is keen to increase the oil production in the province, and the pipeline companies were pressured in the hope of seduction of the private sector company to build a new channel to export crude oil on the northwestern Canadian coast. Canada exported an average of 4.2 million barrels per day of oil in 2024, or about 80 percent of its total production.