TransCanada will restart the Keystone pipeline on November 28



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CALGARY, Alberta (Reuters) – TransCanada Corp ( TRP.TO ) will restart its Keystone crude oil pipeline under reduced pressure on Tuesday after obtaining approval from US regulators. UU., The company said on Monday.

FILE PHOTO: An aerial view shows the darkened terrain of an oil spill that closed the Keystone pipeline between Canada and the United States, located in an agricultural area near Amherst, South Dakota, USA. UU., In this photo provided on November 18. 2017. REUTERS / Dronebase / File Photo MANDATORY CREDIT.

TransCanada, Calgary-based, closed the 590,000-barrel-a-day oil pipeline, one of Canada's main oil export routes, on November 16 after 5,000 barrels of oil were leaked in South Dakota. . Keystone transports crude from the oil sands of Alberta to the refineries of the United States.

The company said its repair and restart plans were reviewed by the US Pipeline and the Hazardous Materials Safety Administration (PHMSA) and will begin operating the reduced pressure pipeline to gradually increase the volume of crude oil that move through the system.

TransCanada did not specify what the reduced pressure would be or when the pipe would return to full capacity and PHMSA did not immediately respond to a request for comment.

An aerial view shows the darkened terrain of an oil spill that closed the Keystone pipeline between Canada and the United States, located in an agricultural area near Amherst, South Dakota, USA. UU., In this photo on November 18, 2017. REUTERS / CREDIT OBLIGATORY Dronebase.

"We are communicating plans to our customers and will continue to work closely with them when we begin to return to normal operating conditions," TransCanada said in a statement.

The Keystone cut shook crude oil prices on both sides of the border as market operators anticipated an excess of oil accumulated in Alberta as inventories fell at the US futures trading center in Cushing, Oklahoma.

According to Shorcan Energy brokers, Western Heavy Select's Western Heavy Select crude discount for December delivery in Hardisty, Alberta, was reduced by trade at $ 17.90 a barrel below US crude. UU On Friday, the WCS was set at $ 21.50 per barrel according to the US benchmark. UU

In its most recent update, TransCanada said it has cleared 1,065 barrels of oil so far.

The cleanup "goes as fast as we expect, they're working 24 hours a day," said Brian Walsh, environmental science manager for the Department of Environment and Natural Resources of South Dakota.

Additional information by Catherine Ngai in New York; Edition by David Gregorio

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