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Canada's Enbridge slates $6.2bn for crude oil pipeline projects

December 10, 2012 - 01:47 GMT Location: Chicago

KEYWORDS: Enbridge , pipeline , line pipe

Canadian energy company Enbridge plans to invest $6.2 billion to bring new sources of crude oil to refinery markets in the Midwest, Ontario and Quebec.

The Calgary, Alberta-based energy company will fund a portfolio of projects in response to changing oil supply and demand patterns in North America, including stepped-up crude supplies from areas such as the Bakken shale. The Bakken, which largely underlies North Dakota, has seen production more than triple over the past five years...

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