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Alberta Oil Sands Output to Double By 2023

Alberta Oil Sands-Bertram

Forecasts indicate that crude production from Alberta’s oil sands will almost double by 2023.  The Alberta Energy Regulator said, in its annual supply and demand outlook, raw bitumen production will rise 95% from the 2.1 million bpd produced in 2013.

After Saudi Arabia and Venezuela, Canada’s oil sands are the world’s third-largest reserves of crude oil.

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