Opening day for oil delivery expansion project ends decade-long odyssey
Wednesday marks the official start date of the long-awaited $34-billion Trans Mountain oil pipeline expansion project.
The expansion increases the Trans Mountain system’s shipping capacity from 300,000 barrels per day to 890,000 barrels per day, and will help open up global export markets for Canadian oil. But even though the project is now complete, question marks linger as the federal government has said it intends to sell the pipeline.
Experts say because the project’s price tag ballooned over the course of construction, the government will likely take a significant writedown if it sells.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
It's opening day for the $34B Trans Mountain oil pipeline expansionCrown corporation Trans Mountain Corp. says as of Wednesday, the expanded pipeline from Alberta to the B.C. coast will be transporting crude oil.
Read more »
It's opening day for the $34B Trans Mountain oil pipeline expansionCrown corporation Trans Mountain Corp. says as of Wednesday, the expanded pipeline from Alberta to the B.C. coast will be transporting crude oil.
Read more »
It's opening day for the $34B Trans Mountain oil pipeline expansionCrown corporation Trans Mountain Corp. says as of Wednesday, the expanded pipeline from Alberta to the B.C. coast will be transporting crude oil.
Read more »
It's opening day for the $34B Trans Mountain oil pipeline expansionWednesday marks the official start date of the long-awaited $34-billion Trans Mountain oil pipeline expansion project.
Read more »
$34B Trans Mountain pipeline expansion project opens after years of constructionThe Trans Mountain pipeline expansion project took more than four years to construct, and was one of the most costly infrastructure projects in Canadian history.
Read more »
Port of Vancouver constraints for Trans Mountain pipeline may crimp oil exportsTo manage high traffic in the channel, the Port of Vancouver has restrictions including daylight-only transit for Aframax tankers and specific transit times based on tidal currents
Read more »