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Canada OKs Reversal of Ontario Oil Pipeline

By Edward Welsch CALGARY, Alberta--The Canadian government on Friday approved Enbridge Inc.'s (ENB) proposal to reverse the flow of its Line 9 oil pipeline from Sarnia to Westover in Ontario. The reversal will allow Enbridge customer Imperial Oil Ltd. (IMO) to feed its Nanticoke refinery with cheaper crude oil stocks from western Canada. It is also the first stage in Enbridge's plan to reverse the Line 9 pipeline all the way to Montreal, so that refineries there including one operated by Suncor Energy Inc. (SU) could also replace their current higher-cost imported crude oil feedstocks with western Canadian oil. Some environmental groups and citizens opposed the reversal at public hearings in May, saying they didn't want the pipeline's reversal to support the growth of the oil sands industry in Western Canada. Enbridge said in May the full Line 9 reversal could ship up to 240,000 barrels a day to Montreal by early 2014. Write to Edward Welsch at Subscribe to WSJ:

Stock News for Imperial Oil (IMO)
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08/31/201211:04:04Refinery Status: Marathon Garyville Refinery at Reduced Rates
08/30/201212:03:35Refinery Status: Exxon Reports Flaring at Beaumont Refinery
08/27/201211:28:02Refinery Status: Refineries Closing for Tropical Storm
08/27/201211:25:42Refinery Status: Exxon Reports Unit Outage At Beaumont
08/23/201211:09:27Refinery Status: Phillips 66 Equipment Failure At Roxana
08/20/201211:47:09Refinery Status: Delek Reports Power Outage at Tyler Refinery
08/17/201211:00:33Refinery Status: Exxon Beaumont Refinery Resumes After Outage
08/16/201211:10:57Refinery Status: Exxon Has Electrical Outage At Beaumont Refinery
08/15/201212:51:13Refinery Status: Shell Reports Unit Failure At Martinez Refinery
08/14/201210:56:07Refinery Status: Shell Reports Fire At Martinez Refinery
08/13/201214:57:18Refinery Status: Citgo Repairs Tripped Compressor At Lemont Refinery
08/08/201216:26:49Refinery Status: Chevron Says Most Units Running at Richmond...
08/07/201210:55:13Refinery Status: Chevron Shuts Richmond, Calif. CDU After Fire
08/02/201215:43:16Refinery Status: Fire at HollyFrontier Tulsa Shuts Hydrotreater
08/01/201212:45:09Refinery Status: ExxonMobil Torrance, Calif., Refinery At Normal...

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