North Dakota Crude To Go West - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

North Dakota Crude To Go West

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  More and more are getting a taste of North Dakota crude oil -- and they like it.  In the latest, Bakken crude will head West -- by rail.

Two companies -- Tesoro Corporation and Savage Companies -- announce plans to spend up to $100 million to construct new facilities that will store, load and unload North American crude -- including Bakken oil -- at the Port of Vancouver.  From there, it is expected to move by tanker ship to refineries on the West Coast.

  "The West Coast is currently importing around a million barrels of crude oil per day from foreign sources, and so the more crude oil we're able to ship from North Dakota to these West Coast refiners, we're able to then offset these foreign imports, which is, again, a win for the nation as a whole.  These refiners from the East Coast to the West Coast to the Gulf Coast are all getting a taste of our crude oil, and enjoying it," says Justin Kringstad, Director of the North Dakota Pipeline Authority. 

The venture still requires approval by Port authorities and regulatory agencies.  If that happens as anticipated, the Port of Vancouver is expected to start receiving crude from North Dakota by rail in 2014.  The new facility will be designed to handle an estimated initial volume of 120,000  barrels per day, with potential near-term expansion to 280,000.

 

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