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Asia expected to take 70% of Canadian crude exports after pipeline expansion

A Canadian industry executive said Asia, led by China, is expected to buy 70% of Canadian crude oil exports after the country’s only pipeline expanding capacity by a third ends by 2028.

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Asia, led by China, is expected to buy 70% of Canadian crude oil exports after Canada’s only pipeline with access to the continent expands capacity by a third by the end of 2028, a Canadian industry executive said Tuesday.