The Canadian Association of Petroleum Producers (CAPP) is the voice of the upstream Canadian

Economy of Canada

Canada has the tenth largest economy in the world , is one of the world's wealthiest nations, and is a member of the Organization for Economic Co-operation and Development and Group of Eight . As with other developed nations, the Canadian economy is dominated by the service industry, which employs...

 oil and natural gas industry. The members of CAPP produce 90% of the petroleum production in Canada

Petroleum production in Canada

Petroleum production in Canada is a major industry which is important to the economy of North America. Canada is the sixth largest oil producing country in the world. In 2008 it produced an average of of crude oil, crude bitumen and natural gas condensate. Of that amount, 45% was conventional...

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Background

As of 2005, Canada's total oil reserves including both conventional and unconventional oil, approximately 180 billion barrels (29 km³), puts Canada in second place (Saudi Arabia

Saudi Arabia

The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...

has the largest reserves), and ranks ninth in the production of crude oil the world over, approximately 2.7 million barrels (430,000 m³) of crude oil a day, and 6.4 trillion cubic feet (180 km³) of natural gas per year. Canada also has the largest oil sands reserves (its offshore reserves have just begun to be tapped). Its proximity to the United States of America makes Canada a significant entry point to one of the world's largest fuel-driven industrialized markets. More facts can be found here: http://investincanada.gc.ca