Pipeline Operator Enbridge Posts Drop in Quarterly Profit
8/3/2021
(Reuters) — Enbridge Inc said on Friday its quarterly profit fell sequentially, as the Canadian pipeline operator transported lower volumes of fuel on its Mainline system.
The Calgary-based company's adjusted earnings fell to C$1.36 billion ($1.09 billion), or 67 Canadian cents per share, in the second quarter ended June 30, from C$1.63 billion, or 81 Canadian cents per share, in the first quarter.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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