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Canada’s continuing refinery woes
In July of last year, Shell announced they were considering the future of their Montreal refinery at which time we suggested that the word “bleak” would pretty well describe the probable outcome.
Unfortunately, we were correct. For those of you who thought that the recently confirmed decision to close this refinery was the end of the story and that probable pricing and supply problems will be isolated in the eastern part of the country, such is not the case, as another major oil company is in the process of realigning its focus on its downstream operations which is oil-guy-talk for let’s cut some refineries out of the picture.
By: Roger McKnight, Senior Petroleum Advisor
To find out the implications of the Montreal closure means, and what the future of refining in Canada holds, check out this week’s Energy Report. Subscribe by sending an email to: info@en-pro.com. For more on this story go to the En-Pro newsroom. www.en-pro.com/newsroom