First New Canadian Oil Sands Project Starts Production After Decade

The first new oil sands project in Alberta since 2014 has begun commercial production under International Petroleum Corp. The Blackrod project aims to reach a daily output of up to 30,000 barrels by late 2027 and is part of renewed interest in Canadian energy infrastructure amid global supply concerns.

By Irina Slav Fri, June 19, 2026 at 1:00 AM GMT+3 4 min read · Yahoo Finance ·

First New Canadian Oil Sands Project Starts Production After Decade

Tickers: $SHEL

Topics: Alberta energy security oil sands production start

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