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Story summary
- The Trans Mountain Expansion Project (TMX) completed in May 2024, increased Canadian oil export capacity from 300,000 to 890,000 barrels per day.
- Following geopolitical tensions in the Middle East, South Korea began importing Canadian crude, with total exports reaching CAD$411 million by September 2025.
- The Canadian government is incentivizing this shift, making Canadian oil competitively priced and positioning Canada as a key supplier amid ongoing supply disruptions in the Middle East.
