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Enbridge To Deliver Bakken Crude To Philadelphia Refineries
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Enbridge Inc., Calgary, Alberta has announced its U.S. subsidiary, Enbridge Rail (Philadelphia) LLC, has entered into an agreement with Canopy Prospecting Inc. to create the Eddystone Rail Co. to jointly develop a unit-train facility and related local pipeline infrastructure near Philadelphia to deliver Bakken and other light sweet crude oil to Philadelphia-area refineries. The project is expected to handle 80,000 barrels per day in the third quarter 2013 and can ultimately be expanded to receive up to 160,000 barrels per day for subsequent transport by barge or pipeline to nearby refineries as early as mid-2014.
Enbridge will own 75% of the joint venture and serve as operator during construction and operation of the facility. The total estimated capital cost of the project is…
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