TransCanada Boosts Keystone XL Cost Nearly 50% To $7.02B

Rigzone. ^ | Tuesday, November 04, 2014 | Nia Williams

[Rabin]

TransCanada, raised estimated capital costs for Keystone XL project to C$8 billion ($7.02 billion) from an initial projection of C$5.4 billion, citing lengthy delays. Keystone XL, which would carry Alberta oil sands crude to the U.S. Gulf Coast, has been awaiting U.S. presidential permit for more than six years...

[Rabin]

TransCanada's existing Keystone pipeline transports 590,000 bpd from Hardisty, Alberta, to Steele City, Nebraska.

Rab.