Ontario’s manufacturing sector is an important supplier for Canada’s oil sands industry. Ontario accounts for one-third of Canadian oil consumption and close to 40 per cent of natural gas consumption.
North America’s first commercial oil well was drilled in Ontario in 1858. Although Ontario is not a significant producer of petroleum, the province has 2,500 producing oil and gas wells.
Ontario accounts for one-third of Canadian oil consumption and close to 40 per cent of natural gas consumption.
The Oil Sands: Growing Ontario's Economy
Businesses in Ontario play a vital role in the development of the oil sands. Many of the components needed for developing this vast resource are produced in the industrial regions of central Canada.
In just the past few years, oil sands operators have sourced billions of dollars worth of technologies, products and services from Ontario suppliers. And that number will grow exponentially in the coming decades.
New and existing oil sands projects will require an estimated $55 billion worth of goods, materials, and services from suppliers in Ontario - Canada’s largest province - by 2035.The Oil Sands: Growing Ontario's Economy
(PDF | 1.1MB | Jul 2010)