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Keystone Pipeline Owner Issues Force Majeure After Oil Spill

Bloomberg.com · last updated

The owner of the Keystone pipeline issued a force majeure notice to companies that ship oil on the conduit after a leak in North Dakota on Tuesday released an estimated 3,500 barrels.

Keystone may not be able to meet obligations to send oil down the pipeline as of 5 p.m. local time yesterday, according to a notice from owner South Bow Corp. seen by Bloomberg. The company said it has already started planning for repairs as it evaluates the timeline for restart.