Canada Oil Pipeline Into Us Gets Extension Support

Summary


CALGARY, Alberta -- TransCanada Corp. said Thursday that it has received customer support to undertake an extension of its stalled Canada-to-Texas Keystone XL oil pipeline pending regulatory approval in the U.S.

Russ Girling, TransCanada's president and chief executive officer, said in a statement that the potential 50-mile expansion of the Keystone XL pipeline would increase the capacity of the pipeline to 830,000 barrels per day from 700,000 barrels.

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Canada Oil Pipeline Into Us Gets Extension Support

Instead of ending in Port Arthur, Texas, the pipeline will reach into th...

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