The Trans Mountain pipeline expansion, a $34 billion project, officially opens in Canada, increasing capacity to 890,000 barrels per day and benefiting Fort McMurray's economy.
The Trans Mountain pipeline expansion, costing $34 billion, is set to be officially opened in Canada, with the project set to benefit Fort McMurray, a city heavily reliant on the oil industry. The pipeline expansion will increase the capacity of the pipeline to the West Coast from 300,000 barrels per day to 890,000 barrels per day, opening up new export markets for Canadian oil companies. This expansion is hoped to bring about an economic upswing in Fort McMurray, allowing the region to grow and stabilize the market in the near and medium-term.
April 29, 2024
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