Wednesday, March 20, 2013

Phillips 66 Adds More Domestic Oil to Refinery Supply

Enbridge Energy Partners, L.P. subsidiary Enbridge Rail (North Dakota) LLC has agreed to a three-year deal with Phillips 66 for railcar loading of Bakken shale crude at Enbridge’s Berthold, N.D., terminal beginning in May 2013, with volumes ramping up to 35,000 to 40,000 barrels per day by November. The crude oil will be delivered to Phillips 66 refineries on the West and East Coasts, and the company may also pursue opportunities to send it to its Gulf Coast refineries. The agreement is part of Phillips 66 recently announced plans to receive an additional 100,000 barrels per day by rail and pipeline at its U.S. refineries. Read more

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