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Buckeye looks to use BORCO for Canadian crude

Buckeye Partners may facilitate exports of Canadian crude to its BORCO terminal in The Bahamas from its Perth Amboy, New Jersey, terminal, where the company is rushing to make a new crude-by-rail unloading facility heavy-crude capable, chief executive officer Clark Smith said Friday last week. 

Source:
Date:
Updated:
Platts
Monday, May 5, 2014
Monday, May 5, 2014

BPMay 2, 2014. Houston (Platts) — Buckeye Partners may facilitate exports of Canadian crude to its BORCO terminal in The Bahamas from its Perth Amboy, New Jersey, terminal, where the company is rushing to make a new crude-by-rail unloading facility heavy-crude capable, CEO Clark Smith said Friday.

“Customer demand has also accelerated the second phase of this rail project as we position the facility to handle heavier crude slates and facilitate exports of Canadian-sourced crude oil,” Smith said on an earnings call. “Given this customer demand, we are adding certain equipment to fast track the completion of new infrastructure to handle the heavy crude oil slates.”

The “re-export” of Canadian crudes from US ports is an increasingly discussed topic as more heavy crude production from Western Canada moves on pipelines and tank cars to the East and Gulf coasts.

This is an excerpt from Platts as it appeared on May 5, 2014. For updates or to read the current version of this post in its entirety, please click here.

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