The Oil & Gas Journal is providing the following data points:
- joint venture between Keyera Corp and Kinder Morgan Energy Partners LP
- cost: $65 million
- anchor: 5-year agreement with major refiner
- CBR facility at Edmonton, Alberta -- the Alberta Crude Terminal
- destination: North American refineries
- collocated with Keyera's Alberta Diluent Terminal
- 20 loading bays; total 40,000 bopd into tank cars
- Canadian National Railway and Canadian Pacific Railway
- eyeing possible expansion of up to 125,000 bopd of additional crude loading capacity AND the addition of a diluent recovery unit
- additional modifications to pipeline and facilities (unrelated to new project)
- the "CBR laboratory" has its genesis in the Bakken, specifically EOG's terminal at Stanley, ND
- the diluent will most likely come up from the Eagle Ford in Texas, and possible from the Bakken
I am waiting for the president's announcement that with regard to the Keystone XL 3.0 application, the determination has been made that no determination is necessary.
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