16 November 2011 15:31 [Source: ICIS news]
HOUSTON (ICIS)--Enbridge and Enterprise Products have agreed to reverse the direction of flows on the Seaway oil pipeline to go from ?xml:namespace>
Pending regulatory approval, the line could operate in reverse direction – from Cushing to the Gulf coast – with an initial capacity of 150,000 bbl/day by the second quarter of 2012, Enbridge and Enterprise said.
Following pump station additions and modifications, which are expected to be completed by early 2013, the capacity of the reversed Seaway pipeline will be up to 400,000 bbl/day. The total costs of the reversal project are estimated at about $300m (€222m).
The agreement between Enbridge and
In September, Enbridge and
In their statement on Wednesday, the companies did not say if or how the proposed Seaway pipeline reversal would affect their plans for a new pipeline. Company media officials were not immediately available for additional comment.
($1 = €0.74)
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