By Arshreet Singh and Rod Nickel<\/p>\n
Feb 10 (Reuters) – North American pipeline operator Enbridge Inc on Friday posted a quarterly loss from a year-ago profit as it took a non-cash C$2. In the event you loved this short article and you would want to receive more info regarding EvDEn eVe NAkliYAt<\/a> assure visit the page. 5 billion ($1.86 billion) hit from higher cost of capital related to its natural gas transmission business.<\/p>\n U.S.refinery outages, a global glut of high sulphur fuel oil and the U.S. Strategic Petroleum Reserve releases of heavy sour barrels weakened demand for Western Canada Select crude in the fourth quarter.<\/p>\n Enbridge, a leading transporter of crude oil and natural gas, EVden EVe nakLiYAT<\/a> delivered 3.1 million barrels of oil per day (bpd) on its Mainline system, slightly higher than the 3 million bpd delivered<\/a> a year ago.<\/p>\n The Calgary-based company lost C$1.07 billion, or evDEN eVe NAkLiYAT 53 Canadian cents, in the fourth quarter, compared with a profit of C$1.84 billion, or evDen EVE NaKLiYaT 91 Canadian cents per share, in the year-ago quarter.<\/p>\n Gas transmission projects account for eVdEn eVe nAkliyAT<\/a> just over half of Enbridge’s C$18-billion, multi-year capital program.Chief Executive Greg Ebel told analysts that Enbridge is in good position to manage inflation because the timing of its projects is staggered.<\/p>\n