TransCanada gains full ownership of Keystone pipeline
29 June 2009
TransCanada has announced its acquisition of ConocoPhillips' remaining stake in the Keystone pipeline for US$550 million (€392 million), giving it full control over the new Canada-to-US oil pipeline.
The $5.2 billion Keystone line is designed to carry 435,000 barrels of crude a day over a distance of 3,456 km from Alberta, Canada, to refineries in southern Illinois, US.