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.8 billion
?Enbridge Inc (ENB,Timberland Shoes.TO) said on Thursday it will build a C$1.8 billion ($1,Timberland Boots,Timberland Hiking Shoes.8 billion) pipeline to ship 570,000 barrels per day of oil between Alberta's two main storage hubs at Edmonton and Hardisty to accommodate rising output from the oil sands,Timberland Hiking Shoes.
The company plans a 179-km (111-mile), 36-inch (91-cm) line that will carry crude from Edmonton to Hardisty, the starting point for Enbridge's Alberta Clipper pipeline,Timberland Hiking Shoes, which takes 796,Timberland Boots,000 bpd of oil to Superior,Timberland Boots, Wisconsin, as well as TransCanada Corp's (TRP,Timberland Boots.TO) 590,000-bpd Keystone pipeline and its planned Keystone XL line.
Edmonton is the terminus for a number of pipelines serving oil sands projects in Northern Alberta, where production is expected nearly to double to 3,Timberland Shoes,Timberland Hiking Shoes.1 million bpd by 2020.
Enbridge said it expects to file for regulatory approval of the project by the end of the year,Timberland Boots,Timberland Hiking Shoes. If approved, construction of the new line could begin in early 2014,Timberland Boots, with service starting by the middle of 2015.
Along with the new pipeline, which will be expandable to 800,000 bpd, Enbridge also plans new storage tanks and other facilities at both hubs.
Enbridge shares fell 10 Canadian cents to C$38.70 on the Toronto Stock Exchange on Thursday,Timberland Hiking Shoes.
($1 = 0,Timberland Boots.9981 Canadian dollars)
(Reporting by Scott Haggett; Editing by Dale Hudson)
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发表于 2013-1-20 23:14:19
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