$100M Pipeline to haul oil from Longview to Shreveport$100M Pipeline to haul oil from Longview to Shreveporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=13872015-04-02T09:12:00Z2015-03-31T00:00:00Z

LONGVIEW - The owner of the Plains Atlas Terminal in Longview is teaming with a Tennessee-based company to build a $100 million pipeline to haul crude oil from Longview to refineries in Shreveport, Louisiana.

Plains All American Pipeline has formed a joint venture with Delek Logistics Partners to develop the 12-inch Caddo Pipeline, which will move 80,000 barrels of domestic crude per day to the Louisiana refineries and Delek’s refinery in El Dorado, Arkansas.

It is the second part of a plan announced in 2014 to increase capacity from Oklahoma to Shreveport through the Longview terminal.

Delek said the Caddo Pipeline, which it will own 50/50 with Plains, would be completed in mid-2016.

In November, Houston-based Plains said it was developing a 16-inch, 226-mile pipeline from the Plains Basin pipeline system at Duncan, Oklahoma, to Longview. As part of that project, Plains said it was seeking to increase capacity from Longview to Shreveport with a joint venture partner.

The Oklahoma-Longview pipeline, with a capacity of about 150,000 barrels per day, also is expected to be completed in 2016.

In February, Plains said that, despite plunging oil prices, it was continuing to build projects in the Permian Basin. The company saw profits jump in the fourth quarter by about 26 percent year-over-year, but said it expected a rough 2015.

Tyler Morning Telegraph
http://www.tylerpaper.com/TP-Business/216650/new-100m-pipeline-to-haul-oil-from-longview-to-shreveportRead more at {Source}

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