Friday, November 18, 2011

Tesoro plans new rail project to ship ND crude

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Senator John Hoeven (R-ND) met with Tesoro CEO Greg Goff to review the company's major expansion plans in North Dakota, including a new rail project to ship North Dakota crude to its Anacortes, Wash., facility.

The $60 million project will include unloading facilities, capable of receiving 30,000 barrels of oil per day via unit trains. Tesoro has completed a long-term agreement with Rangeland Energy to use its crude oil loading terminal in Williams County, which is connected to Tesoro's High Plains Pipeline System. Unit train deliveries to Anacortes are scheduled to begin in the fourth quarter of next year, pending the receipt of applicable permits.
The company will now have the option to send crude oil to both its Mandan refinery via pipeline and its Washington state facility via rail.

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