By October 18, 2015 0 Comments Read More →

Tesoro places its bet on a new, West Coast oil terminal

October 18,2015 | CNBC| Even as U.S. crude prices remain stuck below $50 a barrel, one energy company is betting big on an oil project that could transform energy infrastructure on the West Coast.

Tesoro is looking to develop a 42-acre site at Washington’s Port of Vancouver into one of the largest crude-by-rail facilities in the country. Through a joint venture with logistics firm Savage Cos., the $210 million Vancouver Energy terminal would receive up to four “unit” trains transporting 100 to 120 cars filled with oil per day.

[Read the entire article here.]

 

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