Canada's major oil-producing provinces consider investing in Japan's refining industry to reduce dependence on U.S. oil exports.

Jin10 Data reported on August 26 that, according to two informed sources, Alberta, Canada’s main oil-producing province, is considering investing in Japan’s refining industry to reduce its dependence on oil exports to the United States, its largest trading partner. The Alberta government is in preliminary negotiations with several Japanese crude oil refining companies to explore the possibility of funding the construction of coking facilities through joint ventures, enabling one or more Japanese companies to process heavy crude oil from Alberta’s oil sands. This province has never invested in overseas energy infrastructure before, but since the expansion of the Trans Mountain pipeline went into operation last year, it has been seeking to increase exports.