Mon, Jul 28, 2014, 11:55 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u Sep 13, 2013 12:55 AM Flag

    New Canadian East Coast Oil Terminal Planned

    New Canadian East Coast Oil Terminal Planned

    Thursday September 12, 2013

    Irving Oil President Paul Browning said the terminal will provide access to large tankers

    Canada's Irving Oil plans to build a $300 million terminal at its refinery in Saint John, New Brunswick to allow for the export of Canadian oil, the Canadian Press reports.

    The decision to build the facility followed TransCanada Corp.'s announcement that it would move forward with the construction of a pipeline to carry crude oil from Alberta and Saskatchewan to East Coast refineries.

    "The Canaport Energy East Marine Terminal will connect TransCanada's Energy East Pipeline to an ice-free, deepwater port," said Paul Browning, president of Irving Oil.

    "It will allow Canadian producers direct access to world markets for exporting Canadian oil via the world's largest crude carrying vessels."

    The company said it plans to start engineering and design work on the project in 2015.

    The Assembly of First Nations' Chiefs in New Brunswick said it would not support the pipeline without guarantees of environmental protection and aboriginal and treaty rights.

    TransCanada's planned 4,500 kilometer Energy East Pipeline will carry 1.1 million barrels of crude oil per day, connecting a new tank terminal in Hardisty, Alberta with Saint John, Saskatchewan and in the Québec City area, according to the company's website.

    shipandbunker

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • And who, pray tell, will finance this vast expansion of shipping facilities in New Brunswixk? The Sheeple?
      So, here's another welfare project for the Robber Barons who own ships. There's sparse commercial traffic to fill their bottoms because the public is now sitting on their wallets after being screwed left, right and center by these professional liars. In the words of an old Beetle song, "when will they ever learn"?

 
XOM
104.37+1.19(+1.15%)Jul 28 4:01 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.