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Corn Field
- Dec 5, 2003
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Delta Air Lines Inc. (DAL), the largest U.S. carrier by market value, is trying to cash in on the biggest oil boom in the nations history by bringing more domestic crude to its refinery near Philadelphia.
The Atlanta-based airline signed a five-year agreement with Addison, Texas-based midstream company Bridger LLC to supply the Trainer, Pennsylvania, refinery with 65,000 barrels of crude a day, more than a third of the plants capacity.
Bridger is acquiring 1,300 crude-by-rail cars and has a contract to load 80,000 barrels of crude a day from Enbridge Inc. (ENB)s rail terminal in Eddystone, Pennsylvania, onto barges that can deliver crude to Trainer. Delta may build a pipeline connecting the Trainer refinery to the terminal, Burnett said.
Bridger will initially deliver Bakken crude from North Dakota to the refinery, Chief Executive Officer Julio Rios said in an interview at Bloombergs Houston bureau July 18. The sourcing may change over the length of the contract depending on economics and the refinerys needs, he said.
So long as the U.S. restricts exports of crude oil, American producers will have to price their crude low enough to be competitive with imports, Campbell said.
all above are quotes from
http://www.bloomberg.com/news/2014-07-21/delta-deal-to-bring-u-s-crude-to-pennsylvania-refinery.html?cmpid=yhoo
The Atlanta-based airline signed a five-year agreement with Addison, Texas-based midstream company Bridger LLC to supply the Trainer, Pennsylvania, refinery with 65,000 barrels of crude a day, more than a third of the plants capacity.
Bridger is acquiring 1,300 crude-by-rail cars and has a contract to load 80,000 barrels of crude a day from Enbridge Inc. (ENB)s rail terminal in Eddystone, Pennsylvania, onto barges that can deliver crude to Trainer. Delta may build a pipeline connecting the Trainer refinery to the terminal, Burnett said.
Bridger will initially deliver Bakken crude from North Dakota to the refinery, Chief Executive Officer Julio Rios said in an interview at Bloombergs Houston bureau July 18. The sourcing may change over the length of the contract depending on economics and the refinerys needs, he said.
So long as the U.S. restricts exports of crude oil, American producers will have to price their crude low enough to be competitive with imports, Campbell said.
all above are quotes from
http://www.bloomberg.com/news/2014-07-21/delta-deal-to-bring-u-s-crude-to-pennsylvania-refinery.html?cmpid=yhoo