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TransCanada doubles Keystone capacity
TransCanada Corp. says it will nearly double the capacity of a pipeline it’s building to transport Canadian crude to Gulf Coast refineries.
The $7 billion expansion will add a capacity of 500,000 barrels a day to the Keystone Pipeline, a partnership between Alberta, Canada-based TransCanada and Houston-based ConocoPhillips.
When completed, the $12.2 billion project will transport 1.1 million barrels of oil per day.
The 36-inch pipeline will bring tar sands oil from Hardisty, Alberta, down a 1,980-mile route to a delivery point near existing terminals in Port Arthur, Texas. Plans also call for an additional 50-mile pipeline lateral to the Houston area.
The Keystone Pipeline will run through eight eastern North Dakota counties on its way from Canada south.
—The Associated Press
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