07:14:43 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Imperial Oil Ltd
Symbol IMO
Shares Issued 535,836,803
Close 2024-03-19 C$ 91.27
Market Cap C$ 48,905,825,010
Recent Sedar Documents

FP/CP say Kinew aims to restore Imperial Oil shortfall

2024-03-20 07:47 ET - In the News

The Financial Post reports in its Wednesday, March 20, edition that the Manitoba government and Winnipeg City Hall expressed optimism Monday that there will not be fuel shortages, despite the temporary closure of a pipeline that carries gasoline, diesel and jet fuel to the capital city and the surrounding area. A Canadian Press dispatch to the Post reports that plans are in place to temporarily use trucks and train cars for delivery, and Premier Wab Kinew said they should be able to carry the same amount as the Imperial Oil pipeline that is under repair. Mr. Kinew said, "The goal is to bring about 12,000 barrels of gasoline per day when we're talking about the Imperial terminal in particular, to be able to ensure that there is a continuous supply." Imperial Oil announced on the weekend it is shutting down, for about three months, a pipeline that brings fuel to the Winnipeg area from Gretna, Man. The company said it found "integrity concerns" in a section of pipe, although there were no spills, and work needs to be done to replace a section under the Red River. Mr. Kinew also said he has talked with the North Dakota government about pitching in with backup supplies if needed.

© 2024 Canjex Publishing Ltd. All rights reserved.