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Thursday, March 21, 2013

Enbridge, Phillips 66 Negotiate 3-Year Deal For Berthold Terminal

Remember the MDW post yesterday regarding the Berthold oil terminal as reported by the Minot Daily News?

Press release at Yahoo!Finance:
Enbridge Rail (North Dakota) LLC, an affiliate of Enbridge Energy Partners, L.P., and Phillips 66 have agreed to a three-year deal for unit train loading of Bakken shale crude oil at the Enbridge Berthold, North Dakota, terminal beginning in May 2013, with volumes ramping up to 35,000 to 40,000 barrels per day by November 2013.

The Enbridge Berthold Rail Project integrates the Partnership's North Dakota Pipeline System with an 80,000 bopd rail facility. The Berthold facility can accommodate up to three unit trains at any given time and is located adjacent to the Enbridge North Dakota Storage facilities, which have an ultimate capacity of 2.2 million barrels of contract storage.