TransCanada Agree Deal with PetroChina to Build $3 Billion Oil Pipeline
TransCanada
Corp., the company behind the Keystone XL pipeline and Canada’s largest
pipeline company, has agreed a deal with Phoenix Energy Holdings Ltd., a
unit of PetroChina Co. Ltd., to build a $3 billion oil pipeline in
Northern Alberta.The Grand Rapids Pipeline will transport crude oil from
the Athabasca oil sands for about 500km to the Edmonton-Heartland
region.Zhiming Li, the chief executive officer of Phoenix, stated that,
“transportation in the Athabasca region has become a bottleneck. This
transportation solution will be important…Read more...http://oilprice.com/Latest-Energy-News/World-News/TransCanada-Agree-Deal-with-PetroChina-to-Build-3-Billion-Oil-Pipeline.html
No comments:
Post a Comment