CALGARY — Worried about high differentials for heavy oil?
The solution is simple: Don’t sell heavy oil, says Ian MacGregor, chairman of North West Upgrading Inc.
“With all the transportation and market constraints that we see, it’s hard to see this situation reversing itself,” he said at a conference in Calgary on Tuesday.
“Why bother to refine? People used to make synthetic crude oil to send it off to somebody else for refining. You get about half the margin that you do with refining when you do that.”
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