Canadian Manufacturing

Enbridge signs deal to ship Phillips 66 crude by rail

by Canadian Manufacturing Daily Staff   

Canadian Manufacturing
Financing Energy Oil & Gas Transportation Business finance rail

Will transport up to 40,000 barrels per day from North Dakota to refineries on east and west coasts

HOUSTON—The rail division of energy giant Enbridge has signed a deal to transport crude oil by train for downstream refining and marketing firm Phillips 66.

Enbridge Energy Partners affiliate Enbridge Rail and Phillips 66 have agreed to a three-year deal that will see the latter firm’s Bakken shale crude oil loaded and delivered from the Enbridge Berthold terminal in North Dakota to Phillips 66 refineries on both the east and west coasts of the United States.

According to Enbridge, it will begin transporting the crude in May, with volumes reaching 35,000 to 40,000 barrels per day by November 2013.

The Berthold terminal is located adjacent to the Enbridge North Dakota Storage facilities, which have an ultimate capacity of 2.2 million barrels of contract storage.



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