TransCanada To Build $660M Oil Sands Pipeline In Alberta

Law360, New York (August 1, 2012, 6:38 PM EDT) -- The Canadian oil company developing the massive Keystone XL pipeline said Wednesday that it had been selected to build another CA$660 million ($657 million) pipeline system that will transport oil byproducts between the oil sands of Fort Hills and an upgrader in Fort McMurray, Alberta.

The 56-mile Northern Courier Pipeline, jointly owned by Suncor Energy Inc., Total E&P Canada Ltd. and Teck Resources Ltd., and operated by Suncor Energy Operating Inc., is currently awaiting regulatory approval, but is already fully subscribed under long-term service contracts at...
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