Americas News
New Canadian East Coast Oil Terminal Planned
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.
