3 CARD MONTY Canada had 18 operating refineries with combined - TopicsExpress

3 CARD MONTY Canada had 18 operating refineries with combined capacity of slightly more than two million barrels daily in 2012, according to government and company statistics. Product demand stood at about 1.8 million barrels a day, the CFA says. The so-called Atlantic Basin, which encompasses eastern North America, Western Europe and the Caribbean, has struggled in recent years amid overcapacity, falling product demand and the high cost of international crude. Calgary-based Imperial this year said it would close its 95-year-old plant in Dartmouth, N.S., eliminating close to 400 jobs in the Halifax area, for instance. Shell has also shut down its facility in Montreal’s east end in recent years, while Irving Oil Ltd. shelved plans for a massive expansion in Saint John, N.B. Other Eastern Canadian plants – including two in Quebec and Irving’s existing facility at Saint John – are eager to tap growing production from Alberta’s oil sands and U.S. shale deposits. business.financialpost/2013/11/27/canadas-refinery-lobby-group-is-now-giving-up-on-building-new-plants/?__lsa=50b9-e54c

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