facebook
twitter
rss
account
search
search
 

$2 billion in Canadian pipelines planned

Aug. 1, 2012 at 7:56 AM   |   Comments

CALGARY, Alberta, Aug. 1 (UPI) -- Canada's Inter Pipeline announced plans to invest more than $2 billion to expand pipeline projects to carry more oil from tar sand plays in Alberta province.

The company said it would expand the Cold Lake and Polaris pipelines in northern Alberta, adding 820,000 barrels per day of capacity.

The Cold Lake expansion calls for 250 miles of new pipeline to increase the main line capacity at a cost of more than $1.1 billion.

Expansion to the Polar system, the company said, includes 270 miles of pipeline to connect to the Edmonton market for another $1 billion.

"This is a major step forward in the development of Inter Pipeline's oil sands transportation business," said Inter Pipeline Chief Executive Officer David Fesyk.

Operations from some of the expansions are expected as early as 2014.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
2
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
3
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
4
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
5
New GenDyn mission computers for Navy F/A-18s New GenDyn mission computers for Navy F/A-18s
Trending News
Video
x
Feedback