Canada imports how much oil

More commercial oil wells were gradually developed in Poland, Romania, Canada, and the United States. The first major oil company was the Standard Oil Company, created by John. Crude oil is refined into petroleum , which is then used for heating buildings, creating electricity, gasoline, and among others.

Loading statistic Show source. Download for free You need to log in to download this statistic Register for free Already a member? Log in. Show detailed source information? Register for free Already a member? More information. Supplementary notes. Other statistics on the topic. Fossil Fuels Global oil production in barrels Fossil Fuels Revenue of leading Canadian oil and gas companies Profit from additional features with an Employee Account. Please create an employee account to be able to mark statistics as favorites.

Then you can access your favorite statistics via the star in the header. Profit from additional features by authenticating your Admin account. Then you will be able to mark statistics as favourites and use personal statistics alerts. Saudi Arabia 13 per cent , Nigeria four per cent and Norway three per cent trail behind the U.

And similarly, our refineries that were previously importing crude from overseas had a more economic supply closer to home. Canada continues to export a lot more oil than it imports — 6. However, the regulator said Canada still relies on oil imports to feed refineries in Ontario, Quebec and the Atlantic provinces. Less than a third of Canadian crude oil is processed by Canadian refineries, according to the regulator, and roughly 40 per cent of the country's refinery needs were met by imports last year.

Among the reasons listed by the regulator: a lack of pipeline access to domestic supplies, the specific feedstock requirements of certain refineries and economics.

The CER says the main reason for the drop in Canada's oil imports during was related to COVID, with refineries requiring less crude as demand for refined petroleum products fell. Indeed, demand for oil dropped around the world last year as pandemic-related health measures limited travel, reducing the appetite for products like gasoline and jet fuel. Refineries in the main importing regions of Quebec and Atlantic Canada have been slower to recover from the pandemic impacts compared to refineries in the rest of Canada.

This means that while Canada and the world transition to lower emission energy sources, oil and gas will be important parts of the energy mix for decades to come.

And, transmission pipelines will continue to be the safest, most responsible way to transport the oil and gas that Canada and the world need. The life of a pipeline Planning and designing a pipeline Building a pipeline Operating, maintaining and retiring a pipeline How pipelines are regulated History of pipelines Pipelines in our lives Overview Why we need pipelines Impact of pipelines on our everyday lives Economic benefits Responsible energy future Working with our neighbours Indigenous communities Pipeline safety Overview Focus on prevention Building a safety culture Preventing third-party damage Monitoring and inspection Protecting the pipe Protecting our people Emergency response How companies prepare for emergencies What happens if there is an emergency Protecting the environment Overview Climate change Land Water Wildlife Blog Resources Contact us.

Why does Canada import foreign oil? Other factors also play a part — such as transportation constraints and processing capability. Proximity of abundant U. Alternative transportation options to get oil from western oil producing provinces are less cost-effective for refiners than imports.