India looking at Alberta oil

Alberta’s oilsands bitumen might eventually flow to refineries in India.

Alberta’s oilsands bitumen might eventually flow to refineries in India.

Premier Alison Redford, who was in India this week with International and Intergovernmental Relations Minister Cal Dallas, said in a statement that Veerappa Moily, India’s minister of petroleum and natural gas, has expressed interest in accessing Alberta bitumen for his country.

“Dr. Moily was particularly keen on discussing the potential for exports of bitumen directly to India, as well as the potential for Indian companies to become strategic partners in developing Alberta’s oilsands, building off the agreement signed between Indian Oil Corporation Limited and the Alberta Petroleum Marketing Corporation last fall.”

During a conference call from Singapore on Thursday, Dallas elaborated on India’s appetite for Alberta oil.

“Energy security and security of supply are conversations that are every bit as evident and important in this market as it is in North America,” he said.

Dallas said he and Redford met with officials from a variety of private and state-owned enterprises. These have been researching energy opportunities in Canada, he said.

“There’s clearly very significant interest in terms of upstream, midstream and downstream in all aspects of our western and in particular Alberta energy complex.”

In fact, added Dallas, some are test-refining Alberta crude brought to market by rail. But because the volume of oil needed could “easily surpass a million barrels a day at its optimum,” pipeline connections are essential, he said.

That issue was discussed at every meeting, said Dallas.

“Clearly, that’s key.”

India has alternatives, he acknowledged, but Canada appears to be the preferred supplier due to such considerations as business conditions, economic stability, performance and environmental sustainability.

Dallas said interest in Alberta energy extends beyond oil, with natural gas and even coal discussed during his visit.

Other trade opportunities between Indian and Alberta were pursued during his and Redford’s mission, said Dallas. These resulted in two memorandums of understanding related to the sharing of agricultural expertise and products.

“It’s clear that with the very large population in India that food security is an important aspect of their daily lives and strategic planning, and that there are further opportunities for Alberta enterprises to provide product into that region.”

Redford and Dallas opened an Alberta trade office in New Delhi this week. Another is scheduled to open in Singapore.

Dallas arrived in India last weekend, and continued on to Singapore yesterday. He’s scheduled to return to Alberta on Tuesday.

Just Posted

WATCH: Red Deer teacher engages students with “cool” science experiments

On Thursday, he made fire dance to the beat of the music

Province purchases land for new Red Deer courthouse

Construction to begin in the fall of 2019

Parking costs in Red Deer are going up — so are parking tickets

City council raises parking rates by 25 per cent starting July 1

WATCH: Alberta Party leadership candidates in Red Deer

Three people vying to be the leader of the Alberta Party were… Continue reading

In photos: Get ready for Western Canadian Championships

Haywood NorAm Western Canadian Championships and Peavey Mart Alberta Cup 5/6 start… Continue reading

WATCH: Red Deer city council debates cost-savings versus quality of life

Majority of councillors decide certain services are worth preserving

Got milk? Highway reopened near Millet

A southbound truck hauling milk and cartons collided with a bridge

Stettler’s newest residents overcame fear, bloodshed to come here

Daniel Kwizera, Diane Mukasine and kids now permanent residents

Giddy up: Red Deer to host Canadian Finals Rodeo in 2018

The CFR is expected to bring $20-30 million annually to Red Deer and region

Ice dancers Virtue and Moir to carry flag at Pyeongchang Olympics

Not since Kurt Browning at the 1994 Lillehammer Games has a figure… Continue reading

Beer Canada calls on feds to axe increasing beer tax as consumption trends down

OTTAWA — A trade association for Canada’s beer industry wants the federal… Continue reading

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month