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Canada Forced To Shutdown Oil Production

Published at 09:30AM - 11/05/16
Canada Forced To Shutdown Oil Production

Canada is seeing a major cut in oil output, as its oil sands industry shuts down production following the massive wildfires that have caused devastation. The wildfires have destroyed over 10% of the homes and buildings in Fort McMurray. Production is expected to resume “soon”, when it is “absolutely safe”, Alberta’s Premier told Associated Press. “The majority of production has stopped, certainly not all of it, but the majority”, said Rachel Notley after meeting company officials to discuss impact. “If that were to continue for a month or two you would start to see measurable outcomes to our GDP”, she added. Canada Forced To Shutdown Oil Production The head of Canada’s largest oil company Suncor, Steve Williams, said that approximately one million barrels per day went offline but some of that has already started to come back. Shell Canada has already managed to resume production at its Albian Sands mining operations, albeit at a reduced rate. The wildfire broke out a week ago and forced a third of Canada’s oil output offline, which was expected to be cause a major impact in its economy, already suffering with the downfall in oil prices. According to Alberta’s Premier, getting pipelines and electricity operation…

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