TransCanada files description for C$12 billion oil line
CALGARY, Alberta, March 4
CALGARY, Alberta, March 4 (Reuters) - TransCanada Corp , the country's No.2 pipeline operator, said on Tuesday it has filed a preliminary project description of its C$12 billion ($10.8 billion) Energy East oil pipeline project with regulators.
The company said the filing to Canada's National Energy Board is the first formal step in securing regulatory approval for the line, which will carry 1.1 million barrels per day of crude oil 4,500 kilometers (2,800 miles) from Alberta to Quebec and New Brunswick.
A full regulatory filing is expected to come later this year and the line is expected to be in service in 2018.
- Israel rejects ceasefire plan, source says as death toll nears 850 |
- Bad weather seen as probable cause of Air Algerie crash
- First Ebola victim in Sierra Leone capital on the run
- White House aide says Republicans might try for Obama impeachment
- EU edges to economic sanctions on Russia but narrows scope |