Skip to content
Subscriber Only

Canada May Boost Asia Oil Sales If Keystone Blocked, Globe Says

Canada will look to boost oil exports to Asian countries such as China if the U.S. blocks TransCanada Corp.’s proposed Keystone XL pipeline, the Globe and Mail newspaper reported, citing Canadian Natural Resources Minister Joe Oliver.

The $7 billion pipeline would deliver crude from the oil sands of Canada to refineries on the U.S. Gulf Coast. The State Department, which has jurisdiction because the project would cross an international boundary, plans to decide whether to grant approval by year-end.