Seaway Pipeline will Increase Capacity

abarrelfullabarrelfull wrote on 06 May 2012 16:08
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13 May 1999

ARCO and Phillips Petroleum Company announced that the Seaway Pipeline Company has approved funding to increase the capacity of its 30-inch crude oil pipeline by approximately 110,000 barrels a day (MBD), with completion expected by January 2000.
The addition of three pump stations, coupled with previously announced storage tank construction at Seaways Freeport/Jones Creek terminal on the Gulf Coast, will increase the overall long-haul crude oil system capacity to approximately 350 MBD.

"We are expanding capacity in response to our customers need for additional waterborne crude volumes from the Gulf Coast", said Larry Shakley, President of ARCO Pipe Line Company, operator of Seaway.

Seaway is a partnership between ARCO (NYSE:ARC) and Phillips (NYSE:P) pipeline subsidiaries, and carries imported crude oil 550 miles from Freeport, TX., to Cushing, OK., the delivery point for the New York Mercantile Exchanges' oil futures contract.


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