Saint John: Canaport Energy East Marine Terminal

Canaport Energy East Marine Terminal: SAINT JOHN, N.B. Irving Oil says it plans to build a $300-million marine terminal in Saint John, N.B., following an announcement from TransCanada Corp. TSX:TRP that it has decided to proceed with its Energy East Pipeline project, according to The Chronicle Herald. The Canaport Energy East Marine Terminal will connect TransCanadas Energy East Pipeline to an ice-free, deepwater port, said Irving Oil president Paul Browning. It will allow Canadian producers direct access to world markets for exporting Canadian oil via the worlds largest crude carrying vessels and The private New Brunswick company issued a statement Thursday saying the Canaport Energy East Marine Terminal at its refinery in Saint John would handle crude oil flowing from western Canada and export it to world markets. (www.immigrantscanada.com). As reported in the news.