Pembina Pipeline (TSE:PPL) has released an update.
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Pembina Pipeline Corporation has successfully closed Pembina Gas Infrastructure’s acquisition of a 50% working interest in Whitecap Resources’ Kaybob Complex, enhancing long-term agreements that support Whitecap’s development projects. The company is advancing infrastructure development in the Karr and Gold Creek areas and is set to invest up to $400 million in the Lator area development, ensuring efficient processing and transportation of natural gas liquids. These strategic moves aim to boost the utilization of Pembina’s existing infrastructure and support future growth.
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