TransCanada, Phoenix plan $3-billion pipeline
Oct 30, 2012 | 08:35 AM
| Michael Cowden
Tags
TransCanada,
Russ Girling,
Phoneix Energy Holdings,
Zhiming Li,
oil sands,
Fort McMurrary,
Athabasca River,
line pipe
steel
CHICAGO — TransCanada Corp. and Phoenix Energy Holdings Ltd. plan to jointly develop a Canadian $3-billion ($2.99-billion) pipeline system in northern Alberta.
The Calgary, Alberta-based energy company said that the two companies would each hold a 50-percent stake in the project, which is expected to move both crude oil and diluent lines about 311 miles between a producing area near Fort McMurray, Alberta, to the Edmonton region of Alberta.....
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