20 March 2013 13:39 [Source: ICIS news]
HOUSTON (ICIS)--Phillips 66 has sealed three agreements with energy logistics firms to increase supplies of lower-cost US and Canadian crudes to its ?xml:namespace>
Phillips 66 said that Enbridge agreed to a three-year deal for railcar loadings of US Bakken shale crude, to be delivered to Phillips 66 refineries on the west and east coasts, and possibly its US Gulf Coast refineries. Deliveries will begin in May, with volumes to ramp up to about 40,000 bbl/day by November.
In a second deal, Targa Resources Partners agreed to provide rail unloading and barge loading services in
Under a third deal, Magellan Midstream Partners will transport cost-advantaged crudes on Magellan’s pipelines near Phillips 66’s refinery in
Meanwhile, Phillips 66 is also investing in its own transportation assets in
“We are aggressively pursuing increased access to advantaged crudes in
“Increasing our utilisation of those advantaged crudes should allow us to capture significant value in our refining and marketing businesses,”
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