China’s Sinochem Buys First Oil Cargo From Canadian Pipeline (2)

China’s Sinochem Group has purchased one of the first crude cargoes that will be shipped through a new Canadian pipeline that’s designed to move more oil from landlocked Alberta to the Pacific Coast for export.

Sinochem bought a 550,000-barrel cargo from Suncor Energy Inc., which will load from the Trans Mountain pipeline’s expansion in May-June, said traders who asked not to be identified. The oil is a heavy and sulfurous crude variety called Access Western Blend, they added.

The Trans Mountain expansion — which nearly triples the capacity of the system — is Canada’s biggest new oil pipeline ...