Cenovus Energy is sending a shipment of crude oil down through the Panama Canal as part of its first-ever transaction with New Brunswick's Irving Oil. The oil shipment will make the 11,900-kilometre journey to Irving's refinery in Saint John by tanker ship, Cenovus announced in a social media post on Wednesday. Cenovus vice president Keith Chiasson said in a statement provided to CBC News that it's a "one-off "shipment for now. Iriving Oil's application included a proposal for the tankers to transport oil from a terminal in Burnaby, B.C., through the Panama Canal and on to Irving Oil's refinery in Saint John, N.B. Increasing the amount of Canadian oil that the refinery uses would displace the crude imports the company gets from around the world, but it wasn't clear which shipments might be affected.

Source: CBC News July 03, 2020 00:45 UTC