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TransCanada launches $800 million Mexican project

Wednesday, August 3, 2016

TransCanada Corp. is placing a bet on Mexico’s demand for fuels.

The Calgary-based pipeline owner is joining with the Mexican company Sierra Oil & Gas to build an $800 million marine terminal and pipeline in the Mexican port of Tuxpan, the companies said in a statement. The project will transport gasoline, diesel and jet fuel to central Mexico.

Source: Bloomberg