North Dakota May Have New Refinery -- The Bakken, North Dakota, USA

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More than a decade after it was originally proposed, the Three Affiliated Tribes are finally calling for proposals to finance an oil refinery just inside the reservation's boundaries near Makoti.

If built, it will be the first refinery constructed in North Dakota since the former Mandan Refinery, now the Tesoro Refinery, went into operation in 1954.

The call comes shortly after the Environmental Protection Agency issued a record of decision this summer, approving the tribes' plan to process 15,000 barrels of Bakken crude daily into a variety of petroleum fuels.

The tribes are looking for a financial proposal that will cover an estimated $350 million to $400 million to build the refinery in four modular stages, the first stage with a capacity of 6,000 barrels of oil.

Modular construction could result in first phase being operational by next summer.