Oklahoma Governor Mary Fallin frustrated by Keystone XL pipeline delays - InfoNews

Current Conditions

Mostly Cloudy
6.7°C

Oklahoma Governor Mary Fallin frustrated by Keystone XL pipeline delays

June 13, 2012 - 12:13 PM

CALGARY - Oklahoma's governor says delays in building the Keystone XL oil pipeline have been "enormously frustrating."

But, Mary Fallin says, she's encouraged that the backer of the US$7.6-billion project, TransCanada Corp. (TSX:TRP), plans to soon start building a stretch of pipe from her state south to Texas refineries.

She made her remarks at the Global Petroleum Show in Calgary.

Oklahoma is home to a huge oil storage hub and several pipelines criss-cross the state.

A massive supply glut there has depressed the price North American producers get for their oil and is a major reason why they want to see more pipelines built to help drain some of the excess.

Fallin also says the U.S should be buying crude from a friendly country like Canada instead of from less stable regimes.

News from © The Canadian Press, 2012
The Canadian Press

  • Popular kamloops News
  • Comments
View Site in: Desktop | Mobile