Refining company Valero Energy, already sending U.S. crude across the border to its Canadian refinery, is now seeking to export Canadian crude to its refinery in the UK.
Valero CEO Bill Klesse told a group of journalists and others at the annual IHS CERAWeek energy conference that Valero would be joining others in the industry in shipping Canadian crude abroad. He said Valero would like to send crude from Canada to its Pembroke refinery in the U.K.
However, he does not expect it to be a great volume of crude, and said the economics of it may not work out currently.
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