NAMI News
The latest trinational news.Saturday, June 28, 2008
New Canada oil pipes will address tight space: NEB.
Reuters, June 26, 2008 - “Capacity is tight on Canada’s crude oil pipelines, but as much as C$23 billion ($22.8 billion) in new lines could be on the way to help supply current and as-yet-untapped markets, the country’s energy regulator said on Thursday. The National Energy Board said new pipeline space is needed to handle rising production from the oil sands and to give producers flexibility in where they can ship their crude. In a report on the 45,000 km (27,960 miles) of oil and gas pipelines it regulates, the NEB said there was some rationing of space in 2007 on Enbridge Inc’s (ENB.TO: Quote, Profile, Research) 1.9 million barrel a day system to the U.S. Midwest and beyond, and that the system ran at or near capacity in this year’s first quarter.” Read more.
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