TransCanada Solicits Customer Commitments for Mainline Oil Project

Bloomberg reported that the company proposing to build the highly publicized Keystone XL pipeline, TransCanada Corp. is looking for customers to convert a part of its Mainline system to carry oil to the east.

As quoted in the market news:

The project would move as much as 850,000 barrels of crude a day from expanding oil-sands production, supplying refiners that currently import more than 600,000 barrels a day of higher priced oil, TransCanada said. With enough customer demand, the company said it will seek regulatory approvals and may have the project in service in late 2017.

Click here to read the full Bloomberg report.