Enterprise, Enbridge plan oil pipeline from Cushing to US Gulf coast
29 September 2011 15:25 [Source: ICIS news]
HOUSTON (ICIS)--Enterprise Products Partners and ?xml:namespace>Canada’s Enbridge plan to build an 800km (497 mile) crude oil pipeline from the Cushing oil hub in Oklahoma to the US Gulf coast in Texas, they said on Thursday.
Enterprise and Enbridge said their “Wrangler Pipeline”, with an initial capacity of 800,000 bbl/day, would ship crude oil currently stranded at Cushing to Texan refineries near Houston.
The pipeline would provide an outlet for Cushing crude oil, which is priced at a discount to imported crude oil on the US Gulf coast as Cushing lacks adequate pipeline infrastructure to the Gulf coast.
Financial details were not disclosed.
Last month, Enterprise said it would not proceed with a proposed Cushing-Houston pipeline joint venture with Energy Transfer after failing to secure enough agreements with shippers.
Houston-based Enterprise is a US supplier of midstream services to the petrochemicals, natural gas, natural gas liquids (NGLs) and refined products industries. Calgary, Alberta-based Enbridge is major North American pipeline and energy company.By: Stefan Baumgarten+1 713 525 2653
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