06:53 AM EDT, 03/24/2026 (MT Newswires) -- Middle Eastern and Asian investors have expressed early stage interest in a potential new crude oil pipeline in Canada and could become minority owners if such a project goes ahead, Alberta Premier Danielle Smith said on Monday, Reuters reported.

The report noted Alberta, Canada's main oil-producing province, has been exploring the feasibility of a new one-million-barrel-per-day crude oil pipeline to British Columbia's northwest coast to increase exports to Asia, but no private-sector company has committed to building a new pipeline yet.

Reuters said Canadian oil companies hope to boost sales to Asia in the coming years to diversify away from the United States, which currently buys 90% of Canada's oil in part due to ongoing tensions between the longtime allies since the return of U.S. President Donald Trump to the White House.

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