Canada's Enbridge to invest $5 bln in Gulf Coast - WSJ

Wed Nov 4, 2015 1:25pm EST
 
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Nov 4 (Reuters) - Canadian pipeline company Enbridge Inc is planning to spend $5 billion to build three oil storage facilities in the Gulf of Mexico region, Wall Street Journal reported, citing a company official.

The company's move follows the passing of a bill to repeal the U.S. oil export ban by the House of Representatives last month. (on.wsj.com/1LQcull) (Reporting by Anet Josline Pinto in Bengaluru)