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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: axial who wrote (19670)	8/8/2012 11:39:36 AM
From: axial	1 Recommendation of 24928

Alberta premier backs piping oil east 'In an interview in London, Alison Redford said Canada’s east coast refineries were not operating to their full capacity and were having to rely on imported heavy crude when they could be processing oil from Alberta. “It would be worthwhile to convert the existing pipe to take crude and products east,” she said. [...] The delays with Northern Gateway and Keystone XL have encouraged companies to pursue the idea of sending bitumen from oil sands eastward through Ontario and Quebec and from there to ports on Canada’s east coast. The advantage of such proposals is that much of the pipeline infrastructure already exists. Last week, Canada’s National Energy Board approved a plan put forward by Enbridge to reverse the flow of its Line 9 pipeline in Ontario, allowing it to move western Canadian crude eastward. TransCanada is also considering whether to build a new pipeline* to shift crude to eastern refineries.*' ft.com Jim

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