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Inter Pipeline $1.3 Billion Cold Lake Expansion in Service
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Inter Pipeline Ltd. has announced financial and operating results for the three and twelve month periods ended December 31, 2014.
2014 Highlights Incurred growth capital expenditures* of $1.1 billion, primarily related to Inter Pipeline's $3 billion expansion of the Cold Lake and Polaris pipeline systems Total pipeline throughput volumes averaged a record 1,118,100 barrels per day (b/d), including record oil sands transportation volumes of 912,900 b/d Announced $100 million expansion of Mid-Saskatchewan pipeline system A 290 kilometre $1.1 billion mainline expansion on the Polaris pipeline system was completed on schedule and placed into commercial service Executed a long-term transportation agreement to provide diluent to the JACOS-Nexen Hangingstone project Raised $1.5 billion of…- ✓ Full news archive — U.S., Canada & international coverage
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