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Keystone pipeline to restart crude oil deliveries on Nov. 28

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Keystone pipeline to restart crude oil deliveries on Nov. 28

The U.S. Pipeline and Hazardous Materials Safety Administration has given the go ahead for TransCanada Corp.'s Keystone pipeline to resume crude oil deliveries on Nov. 28, after it halted operations Nov. 16 due to an oil leak in South Dakota.

TransCanada will resume pipeline operations at a reduced pressure and will gradually increase the volume of crude oil moving through the system as a safety precaution, the company said in a Nov. 27 news release.

The leak is still currently under investigation but Reuters reported that South Dakota could revoke TransCanada's operating permit if it is found that the spill shows the company violated the terms of its license.

News of the leak came just days before Nebraska was to make a decision on Keystone XL, a 36-inch-diameter border-crossing pipeline set to move crude oil from Canada's tar sands to Nebraska and ultimately the Gulf Coast. The Nebraska Public Service Commission later granted the C$8 billion project the last major permit necessary for its construction. However, despite overcoming regulatory and environmental hurdles for almost a decade, its construction is still not certain as TransCanada weighs the legal, commercial and even new regulatory risks it will face moving forward.