Inter Pipeline Ltd. is a multinational petroleum (oil, natural gas and petrochemical products) transportation and infrastructure limited partnership that is ranked among North America’s leading natural gas and NGL’s extraction businesses (from its liquids (NGL’s) counterpart). It is one of Alberta’s top 100 companies in terms of profit (85) and assets (94).
It is the biggest transporter of oil sands’ bitumen (over 1 million bbls/d after the Cold Lake oil sands upgrade) and in 2010 it was Alberta’s 23rd fastest growing business. Soon after the millennium, the energy infrastructure business was divided into 4 segments: conventional oil pipelines, natural gas extraction, liquid storage and oilsands transportation.
Major companies such as Encana, Canadian Natural Resources, Shell Canada, Chevron, Marathon Oil and Imperial Oil rely on the pipelines for transportation of oil to refineries and distribution to markets.
In 2010 other Canadian trusts/funds converted to corporations but Inter Pipeline’s board of directors decided against it citing costs, a lack of tax benefits and the market response to other companies that converted.
Overseas it operates in the UK, Ireland, Denmark, Germany, Sweden and The Netherlands. via its subsidiary Inter Terminals Limited (formerly Simon Storage Limited) a bulk liquid storage business.
Traded as: TSX: IPL; S&P/TSX 60 component
Industry: Petroleum industry; Pipeline transport Storage
Founded: November 27, 1997
Headquarters: Calgary, Canada
Products: ethane, butane, natural gas
Divisions: Inter Terminals Limited (formerly Simon Storage Limited)