P66 to ship cheaper crude to Washington, California

07 March 2013 22:06  [Source: ICIS news]

HOUSTON (ICIS)--US refiner Phillips 66 said it may build a rail rack in order to increase cheaper Canadian crude and US inland crudes to its refineries in Washington and California, a company executive said on Thursday.

Phillips 66 currently receives about 20,000 bbl/day at the 100,000 bbl/day Ferndale refinery in Washington through a third-party arrangement, according to Larry Ziemba, executive vice president of refining, projects development and procurement.

“We’re investing in our coastal refineries to improve our export capability,” Ziemba told analysts during the Bank of America Merrill Lynch Refining Conference.  

The company is also looking to offload Canadian crude in Washington, then ship it to its two refineries in California.

Ziemba added that the company is currently moving Canadian crude into California, but it remains in small volumes by rail car and through the Trans Mountain Pipeline.

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By: Anna Matherne

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