Oil begins moving on $34 billion Trans Mountain pipeline expansion [Yahoo! Finance Canada]
Cenovus Energy Inc (CVE)
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Source: Yahoo! Finance Canada
the long-awaited $34-billion Trans Mountain pipeline expansion officially came online. Crown corporation Trans Mountain Corp. issued a statement Wednesday confirming that oil is now moving on the expanded pipeline, which is currently 70 per cent full as crude continues to be added to the new system. The company said the so-called "Golden Weld," the final piece of construction work required to complete the pipeline, took place April 11 in B.C.'s Fraser Valley, between the communities of Hope and Chilliwack. It said tanker ships will be able to load oil for delivery to Pacific and Asian markets by mid-May. ADVERTISEMENT “Trans Mountain has demonstrated that challenging, long linear infrastructure can be built in Canada,” said Trans Mountain Corp. CEO Dawn Farrell in the statement. “With our project management team and contractors, we were able to build 988 kilometres of new pipeline, 193 kilometres of reactivated pipeline, 12 new pump stations, 19 new storage tanks, and thre
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