Seaway reports progress on pipeline expansion
Jan 03, 2013 (M2 EQUITYBITES via COMTEX) --
Seaway Crude Oil Pipeline Company LLC, a 50/50 joint venture owned by affiliates of Enterprise Products Partners (NYSE:EPD) and Enbridge Inc (NYSE:ENB) (TSX:ENB), said on Wednesday that its pipeline expansion is nearing completion.
Final work is being performed in preparation for the increase in capacity from approximately 150,000 barrels per day (BPD) to approximately 400,000 BPD.
The company said that in order to complete the remaining pump station connections, transportation service has been suspended on the 500-mile, 30-inch diameter pipeline but is expected to resume operations at full rates by the end of next week.
Besides the pipeline that transports crude oil from Cushing to the Gulf Coast, the Seaway system is comprised of a terminal and distribution network originating in Texas City, Texas, which serves refineries locally and in the Houston area. The Seaway system also includes dock facilities at Freeport and Texas City.
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