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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