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Nov 4 (Reuters) - Canadian pipeline company Enbridge Inc
ENB.TO is planning to spend $5 billion to build three oil
storage facilities in the Gulf of Mexico region, Wall Street
Journal reported, citing a company official.
The company's move follows the passing of a bill to repeal
the U.S. oil export ban by the House of Representatives last
month.
The expansion would call for three terminals stretching from
Houston toward New Orleans at St. James Parish, where each could
have crude storage tanks, ship docks, pipelines and other
infrastructure, the Journal reported on Wednesday.
The expansion could also allow import and export of U.S. and
Canadian crude, processed condensate and refined products, the
Journal said.
Enbridge's Chief Executive Al Monaco said in October that
the company was planning C$38 billion ($28.84 billion) in new
capital investments over the next four years.
Enbridge was not immediately available to comment.
($1 = 1.3178 Canadian dollars)