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Keystone Pipeline

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The Keystone Pipeline is a proposed crude oil pipeline that will transport crude oil from the Alberta oil sand felds in Canada, to refineries in Illinois and Oklahoma, and further to the U.S. Gulf Coast.

History

TransCanada proposed the project on February 9, 2005.

Route

The 3,200 kilometres (1,990 mi) long pipeline will transport crude oil from Hardisty, Alberta to the United States refineries in Wood River, Illinois and Patoka, Illinois. From Patoka a 291 miles (468 km) long extension would take the pipeline to the oil hub in Cushing, Oklahoma. From there, the pipeline would be expanded to Port Arthur, Texas, and possibly will be extended Houston, Texas. The pipeline will reach to Illinois in late 2009, to Oklahoma in late 2010, and to Texas in 2012.

Technical features

The pipeline will have a total capacity of 1,100,000 barrels per day (170,000 m/d), which would be expanded later up to 1,500,000 barrels per day (240,000 m/d) in late 2010.

The whole pipeline is expected to cost US$12.2 billion, and to be completed by 2012.

Partnership

The project is developed by the Keystone Pipeline partnerships (Keystone), which is a partnership between TransCanada and ConocoPhillips. Certain parties who have agreed to make volume commitments to the Keystone expansion have an option to acquire up to a combined 15 percent equity ownership in the partnerships. One of such companies is Valero Energy Corporation.

References

  1. "Canada-US link gets green light". Upstream Online. 2008-03-14. Retrieved 2008-03-14.
  2. "Keystone pipe costs hit $5.2bn". Upstream Online. 2007-10-30. Retrieved 2008-03-14.
  3. ^ "TransCanada, ConocoPhillips To Expand Keystone To Gulf Coast". Downstream Today. 2008-07-16. Retrieved 2008-07-18.
  4. "Valero: Prospective Keystone Shipper". Downstream Today. 2008-07-16. Retrieved 2008-07-18.
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