South Bow, the operator of the Keystone Pipeline, announced on Monday that they are moving forward with a “carefully controlled restart” of the pipeline after receiving approval from the Pipeline and Hazardous Materials Safety Administration (PHMSA) for their repair and restart plans. The decision to shut down the 4,327-km (2,689-mile) pipeline was made following an oil spill near Fort Ransom, North Dakota.
The Keystone Pipeline is a crucial conduit for transporting crude oil from Alberta to U.S. refineries in Illinois, Oklahoma, and along the Gulf Coast. The shutdown had raised concerns about potential disruptions to the supply of oil to these refineries.
South Bow’s announcement of the restart comes as a relief to industry stakeholders and policymakers who were closely monitoring the situation. The company assured that they are implementing all necessary measures to ensure the safe operation of the pipeline.
The careful restart of the Keystone Pipeline marks a significant step towards restoring the flow of oil and minimizing any potential impact on the supply chain.
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