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Canadian company proposes new oil pipeline route
As the battle continues over a new route in Nebraska for the Keystone XL Pipeline, another competitor is stepping up with an alternate plan.
Calgary based Enbridge wants to link their existing Canadian pipelines from where they currently end near Chicago with another line that runs from Oklahoma to Texas. That plan would cost $1.9 billion adjacent to an existing Enbridge line that cuts diagonally across northern Missouri before entering Southeast Kansas. Combined the two pipelines would carry 700 thousand barrels a day between Illinois and Oklahoma. Enbridge is hoping to get regulatory approval and enough commitments from shippers to begin construction next year and be in service by the middle of 2014. Earlier this month President Obama decided to delay the decision on a permit for the $7 billion pipeline in Nebraska until at least 2013. |
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