TransCanada To Construct 6.2 Million Barrel Crude Storage Site In Cushing

By Zainab Calcuttawala TransCanada will construct 6.2 million barrels of new crude oil storage capacity in Cushing, Oklahoma, according to an official announcement on Monday. The Calgary-based company has contracted with M2 Infrastructure LLC, affiliated with U.S.-based Lone Star Capital, for the project, which allows for an optional storage expansion of up to 20 million barrels in the future, Reuters reported. “TransCanada is committed to developing energy infrastructure solutions in the United States and Canada and pursuing this opportunity fits well in our plans…

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