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The Alberta Petroleum Marketing Commission (APMC) publishes an Annual Report each July.
- 2020 APMC Annual Report (PDF, 391 KB)
Financial statements are also included in the annual report of the ministry of Energy.
Office expense disclosure
In 2012 the Government of Alberta mandated that all senior officials disclose expenses.
In July 2021, the government restructured the sturgeon refinery deal.
- Getting taxpayers a better deal on the sturgeon refinery (news release)
- Revisiting Alberta’s Sturgeon refinery deal (BOE report)
Effective April 1, 2021, all Conventional oil Royalty In Kind (CORIK) barrels are marketed in-house by APMC.
- APMC ships CORIK barrels on all systems under the shipper code 0PMC.
2012 - 2014 legislation changes
The Building New Petroleum Markets Act, which amended the Petroleum Marketing Act, was proclaimed in force on January 10, 2014.
The amendments allowed the Minister of Energy to set APMC strategic priorities, including:
- modernizing and improving the APMC corporate rules
- giving the government the ability to appoint a board of up to 7 directors
- clarifying financial tools available to the APMC, which could include providing loans or making equity investments in projects, when authorized by the government
Two months before this amendment was proposed in the news release, New act helps Alberta reach energy potential.
India’s largest refining company, Indian Oil, drafted an agreement with APMC for the purchase of Alberta crude oil in October of 2013. The signing occurred in conjunction with the India-Canada Ministerial Dialogue on Energy, a process initiated in 2011 by the countries’ respective Prime Ministers.
The early work led to a Petrinex Project:
In 2012, the APMC’s mandate was expanded to include assisting in the development of value added activity in Alberta's petroleum sector, such as the development of the Sturgeon Refinery as well as new energy markets and transportation infrastructure.
1994 marketing role
The 1994 Speech from the Throne announced that all commission responsibilities, except those relating to the marketing of crude oil, were to be transferred to the Department of Energy effective April 1, 1995. The Minister of Energy determined the APMC should continue to market crude oil taken as royalty-in-kind from Crown leases. Energy staff has supported the commission since 1996.
1974 initial mandate
The Petroleum Marketing Act came into effect in 1973, it established the creation of the APMC in 1974 as a provincial crown corporation. In the early years 1974 to 1986, the commission reported to the Premier with a separate annual report. From 1987 to 1995 APMC began reporting to the Minister of Energy. In 1995 the APMC annual report became part of the department’s annual report.
As an agent of the Crown, APMC had:
- the right to acquire, sell and exchange petroleum in Alberta
- the authority to collect all royalty revenues
- the role to represent Alberta at North American regulatory proceedings
- the duty investigate supplying, marketing and producing petroleum
- the administration responsibilities for the 1975 Natural Gas Pricing Agreement Act which included Purchasing and selling gas.
- the responsibility for pricing and marketing of pentanes plus (a natural gas extract) when the Petroleum Marketing Act was amended in 1977, marketing did not begin until 1982 when other supporting legislation was in place
- involvement with Syncrude, marketing the province’s share of synthetic oil from oil sands before the project was handled by the department in 1985
- responsibilities under the Take or Pay Costs Sharing Act and the Natural Gas Marketing Act in 1986 following the 1985 Western Accord which deregulated the petroleum industry.
For more information, see APMC history (PDF, 59 KB).
Connect with the Alberta Petroleum Marketing Commission:
Alberta Petroleum Marketing Commission
1050, 250 5 Street SW
Calgary, Alberta T2P 0R4
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