Despite Legal Wrangling,  North Dakota's Access  Pipeline to Start in Q2
Despite Legal Wrangling,  North Dakota's Access  Pipeline to Start in Q2

Despite Legal Wrangling, North Dakota's Access Pipeline to Start in Q2

Despite Legal Wrangling, North Dakota's Access Pipeline to Start in Q2

The chief executive of Phillips 66 said on Friday he expects the controversial Dakota Access Pipeline to start operations in the second quarter, even though the project - which has sparked protests by Native Americans and environmentalists - is still in the midst of legal battles and a US regulatory review.
Phillips 66 has a 25% stake in the $3.8 billion project led by Energy Transfer Partners LP. Phillips 66's CEO, Greg Garland, made the comments on a conference call with analysts to discuss quarterly earnings, Reuters reported.
The pipeline was originally set to start in late 2016 but has faced intense protests and legal challenges from climate activists and native Americans, led by the Standing Rock Sioux Tribe, whose land in North Dakota runs adjacent to the route.
"Commercial operations are expected to begin in the second quarter of 2017, pending the issuance of an easement from the US Army Corps of Engineers to complete work beneath the Missouri River on DAPL," Phillips 66 said in its earnings news release.
On Wednesday, the US Army said it had taken initial steps to "expeditiously review requests for approvals to construct and operate" the pipeline per an order issued by President Donald Trump, but the project's easement has not yet been approved.
The pipeline is expected to carry some 470,000 barrels per day of crude oil from North Dakota's Bakken shale play into Illinois, and is more than 95% complete, according to a Phillips 66.

Short URL : https://goo.gl/pkTGkx
  1. https://goo.gl/3NnmnE
  • https://goo.gl/IX5WUW
  • https://goo.gl/cxm9vS
  • https://goo.gl/PLisH5
  • https://goo.gl/TmTOkf

You can also read ...

Total is ADNOC’s largest and one of its longest international partners, active in Abu Dhabi’s oil and gas sector since 1939.
Abu Dhabi National Oil Company said on Sunday it has signed 40...
Italy's Eni Promises Richer Returns After Higher Growth
Italian oil major Eni hiked its dividend on Friday and held...
ExxonMobil Partners With Pakistan for LNG Terminal
ExxonMobil is working with a group of Pakistan’s large...
BP: Technology to Lower Oil Extraction Costs
Better technology could reduce the average production costs of...
South Zagros Company has exceeded its daily production target by 2.5 million cubic meters.
South Zagros Oil and Gas Production Company, a subsidiary of...
Iran has become an exporter of oil byproducts after years of import.
With the aim of producing Euro-5 diesel in Shiraz refinery,...
Ardakanian Attends World Water Forum
Energy Minister Reza Ardakanian left Tehran for Brasilia,...

Add new comment

Read our comment policy before posting your viewpoints