29 January 2014 18:47 [Source: ICIS news]
TORONTO (ICIS)--Canadian midstream energy firm Inter Pipeline on Wednesday announced a Canadian dollar 1.3bn capital expenditure programme for 2014 to support its oil pipeline and natural gas liquids (NGL) extraction businesses in Alberta province.
The bulk of the money will go towards further expanding Inter Pipeline’s oil sands pipelines in Alberta.
However, Inter Pipeline will also invest in its NGL extraction and bulk liquid storage businesses, it said.
"[The NGL] investments will focus on several projects to further improve the recovery of ethane and propane-plus products extracted at Inter Pipeline's Cochrane and Empress straddle plants," the company said.
Inter Pipeline is one of North America's largest NGL extractors with about 200,000 bbl/day from three extraction facilities in southern Alberta, according to information on the company’s website.
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