Exxon boosts pipeline to oil sands by 50%
Joe Carroll, Bloomberg
Wednesday, June 17, 2009
Exxon Mobil Corp., the world's biggest oil refiner, boosted its capacity to transport crude from Canada's oil sands to refineries in Texas and Louisiana.
Exxon Mobil increased the capacity of its 1,381-kilometre Pegasus Pipeline by 50% to about 96,000 barrels a day, the Irving, Tex.-based company said Wednesday in a statement.
The expansion followed a 2006 reversal of the flow on the pipe, most of which had been idle for four years amid slack demand for shipping. The conduit runs from Patoka, Ill., where several Midwest and Texas pipelines converge, to Nederland, Texas, which is near Houston.
Exxon Mobil didn't disclose how much it spent on the project, which involved upgrading pump stations along the route of the line, the statement said.
Bloomberg.com
http://www.financialpost.com/news-sectors/story.html?id=1706149
