Posted on May 6, 2024
Canada's long-delayed Trans Mountain oil pipeline starts operations
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Canada's long-delayed Trans Mountain oil pipeline starts operations
(Reuters) -After 12 years and C$34 billion ($25 billion), Canada's Trans Mountain pipeline expansion project (TMX) began commercial operations on Wednesday, a major milestone expected to transform access to global markets for the country's producers. Pipeline constraints have forced Canadian oil producers to sell oil at a discount for many years, but TMX will nearly triple the flow of crude from landlocked Alberta to Canada's Pacific coast to...
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