Above: The prospect of a pipeline bringing Alberta oil into Saint John for refining remains alive and well. TransCanada” is reviewing bids but a decision on the project could come sooner rather than later. Tino Makris reports.
TORONTO – Premier David Alward says New Brunswick’s location on the East Coast makes it a player in the oil-refining industry.
Alward was in Toronto on Tuesday to promote his province during a meeting with federal Natural Resources Minister Joe Oliver as well as industry and corporate executives.
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Alward says the meeting was a chance to sell New Brunswick as a place to do business in the energy and natural resources sectors.
He says a proposed pipeline that would ship western crude to the East Coast was part of the discussion, but only in general terms.
Alward says the province is still waiting to hear from TransCanada Corp. on whether it believes there’s enough interest in the project.
The Calgary-based company is considering the conversion of an existing natural gas pipeline to carry crude into Quebec, with the possibility of an extension to Saint John.
Alward has said the project would create thousands of jobs during construction and greatly benefit his province’s economy.
If the development proceeds, it could begin shipping as much as 850-thousand barrels of oil a day in late 2017.
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