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BNSF says it can handle more crude-by-rail shipments if Dakota pipeline is shut
Reuters
BNSF says it can handle more crude-by-rail shipments if Dakota pipeline is shut
Devika Krishna Kumar and Stephanie Kelly
Fri, April 30, 2021, 11:05 AM
NEW YORK, April 30 (Reuters) - BNSF, the railroad unit of Warren Buffett's Berkshire Hathaway Inc, is prepared to handle any increase in rail traffic if the Dakota Access oil pipeline (DAPL) is shut due to an ongoing legal dispute, the company told Reuters.
The operators of the 570,000 barrel-per-day line, led by Energy Transfer LP, have been locked in a battle to keep the line open after a federal judge last year scrapped a key permit and ordered an environmental review of the line. A U.S. District Court could issue a ruling as early as May on whether the line can stay open during the review. ... Any closure of the line would divert most crude production in the region onto railcars and create transportation bottlenecks.
BNSF operates the greatest number of route-miles in North Dakota, the second-biggest oil producing state in the country and leading producer of agricultural products such as wheat and canola.
"We are confident in our ability to handle additional volume across our Northern Corridor, whether it comes from more agricultural products, consumer goods or industrial products, including energy," spokeswoman Lena Kent said in a statement late Thursday.
{snip}
BNSF says it can handle more crude-by-rail shipments if Dakota pipeline is shut
Devika Krishna Kumar and Stephanie Kelly
Fri, April 30, 2021, 11:05 AM
NEW YORK, April 30 (Reuters) - BNSF, the railroad unit of Warren Buffett's Berkshire Hathaway Inc, is prepared to handle any increase in rail traffic if the Dakota Access oil pipeline (DAPL) is shut due to an ongoing legal dispute, the company told Reuters.
The operators of the 570,000 barrel-per-day line, led by Energy Transfer LP, have been locked in a battle to keep the line open after a federal judge last year scrapped a key permit and ordered an environmental review of the line. A U.S. District Court could issue a ruling as early as May on whether the line can stay open during the review. ... Any closure of the line would divert most crude production in the region onto railcars and create transportation bottlenecks.
BNSF operates the greatest number of route-miles in North Dakota, the second-biggest oil producing state in the country and leading producer of agricultural products such as wheat and canola.
"We are confident in our ability to handle additional volume across our Northern Corridor, whether it comes from more agricultural products, consumer goods or industrial products, including energy," spokeswoman Lena Kent said in a statement late Thursday.
{snip}
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