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market news

Pembina Starts Two New Pipelines

Investing News Network
Aug. 04, 2011 11:19AM PST
Resource Investing

Reuters Africa reports that Pembina Pipeline Corp (TSE:PPL) started shipping oil on two new regional pipelines in Alberta.

Reuters Africa reports that Pembina Pipeline Corp (TSX:PPL) started shipping oil on two new regional pipelines in Alberta.

The market news is quoted as saying:

The 22,000 bpd Mitsue line ships diluent — ultra-light oil or natural gas liquids that are blended into tar-like bitumen so it can flow in pipelines — 255 km (158 miles) to producers in the Slave Lake region from northwestern Alberta.

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