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Monday, April 8, 2013

Pipeline Could Lead To Spinoff Projects for Irving Oil

If TransCanada's proposed pipeline project is given the green light, there could be spinoff projects for Irving Oil in the future. 

Jeff Matthews, the company's business development manager tells CHSJ News that before that happens there is a long road ahead, but says it'll pay off if we can get there. He tells us their main focus right now is getting the pipeline to Saint John, and says that will open up opportunities for the company, the city, the province, and other third party companies.

The company has said the 14,000 kilometre pipeline would not only give them a wider base supply of crudes than they have right now, but it would also open up a new region of crude supply to Atlantic Canada.