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Enbridge spends $150M on Suncor tankage expansion

To handle growing volumes from Firebag 4 and 5


September 28, 2012
by CANADIAN PRESS

CALGARY — Enbridge Inc. is expanding tankage at its Athabasca Terminal to accommodate growing production from two of Suncor Energy Inc.’s oil sands projects in northern Alberta.

The Calgary-based pipeline giant says the $150-million expansion includes a 350,000-barrel tank and other infrastructure.

Construction began in July and the expansion is expected to be in service in mid-2013.

Suncor and Enbridge have signed an agreement that will see the pipeline company recover all operating costs, a return on equity and all of its invested capital.

The expansion is meant to handle growing volumes from Suncor’s Firebag 4 and Firebag 4 developments.

© 2012 The Canadian Press