Trans Mountain CEO Sees Full Oil Pipeline on Iran War (1)

Trans Mountain Corp.’s chief executive expects its main pipeline to be nearly full in April with Asian buyers turning to Canada for crude as they grapple with severe supply disruptions from the Iran War.

The pipeline has been running below its maximum capacity since it was nearly tripled to 890,000 barrels a day in 2024. It reached 96% capacity in November, but volumes dropped in the following months.

“The expectation is we’ll be running close to full,” Mark Maki said in an interview. “Maybe people are test driving it a little bit with this current crisis.”

The expansion of ...