PetroChina to import Canadian crude in 2009

PetroChina Company Limited (PetroChina) recently executed a memorandum of understanding in Beijing with Enbridge, the second largest pipeline operator in Canada. Both sides will work together on a project of building new pipeline and transporting crude oil from Canada to inland China.

This project will cost 2.02 billion US dollars. It is predicted that PetroChina can import 200,000 barrels of crude per day from Canada as early as 2009.