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Cenovus agrees on a transportation deal
Sept. 28, 2018
Source: World Oil

Cenovus agrees on a transportation deal

Cenovus Energy, has signed a three year deal to transport heavy crude by rail to the US Gulf Coast. The agreement is to transport over 100,000 bpd of crude. The Canadian National Railway Co. will start transportation from the fourth quarter and Canadian Pacific Railway will take over the shipping part from the second quarter of next year. Recently, the pipeline holdup has negatively affected the oil prices in Canada.

   Read More About : Canada Contracts Midstream Oil and Gas
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