jueves, 7 de junio de 2012


IMPORTANT IMPACT ON VENEZUELAN EXPORTS TO THE USA AND TO THE PRICE DIFFERENTIAL WITH BRENT.

Seaway Pipeline makes first crude oil delivery to Texas Gulf Coast




June 6, 2012
Source: Enterprise Products Partners


Enterprise Products Partners L.P. (NYSE: EPD) and Enbridge Inc. (NYSE/TSX:ENB) announced that the initial volumes of crude oil through the Seaway Pipeline were delivered to the Jones Creek facility, near Freeport, Texas, today at approximately 11 a.m. CDT. The arrival marks the first southbound delivery of crude by pipeline from the oversupplied Cushing hub, and gives producers access to all of the major refineries in the Greater Houston area and Texas City.


Since May 19, 2012, when crude oil began flowing through the Seaway Pipeline, volumes have steadily increased towards the current capacity of 150,000 barrels per day (“BPD”). Work is underway and on schedule to add incremental pumping capacity that would allow the existing Seaway Pipeline to transport up to 400,000 BPD by the first quarter of 2013.


Seaway Crude Pipeline Company LLC is a 50/50 joint venture owned by affiliates of Enterprise Products Partners and Enbridge Inc. In addition to 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. For additional information, please visit www.seawaypipeline.com.

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