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TransCanada to Construct Oklahoma to Texas Coast Segment
Feb. 27, 2012 08:06PM PST
Resource InvestingBloomberg reported that TransCanada Corp. (NYSE:TRP) has planned to continue building a $2.3 billion segment of the Keystone XL oil pipeline from Oklahoma to the Texas coast.
Bloomberg reported that TransCanada Corp. (NYSE:TRP) has planned to continue building a $2.3 billion segment of the Keystone XL oil pipeline from Oklahoma to the Texas coast.
As quoted in the market news:
The company, based in Calgary, expects the segment to begin carrying crude from the Cushing, Oklahoma, storage hub to refineries on the U.S. Gulf Coast as soon as mid-year 2013, according to a statement today. TransCanada is separating the Cushing line from its application to President Barack Obama for approval of a Keystone expansion that will bring crude into the U.S. from Canada’s oil sands.