Enbridge, Exxon forge link to Texas refineries

Canadian oil sands production -- as much as 400,000 barrels a day -- could be flowing into Texas by late 2010, dramatically shifting the market for domestic crude output as new projects begin pumping north of Fort McMurray.

Enbridge Inc. announced a preliminary partnership with giant Exxon Mobil Corp. yesterday to create by far the biggest link yet with Texas, connecting Illinois with Enbridge's sprawling pipeline network that originates in Alberta, and further marginalizing a plan to ship oil to refineries in China.

While a significant amount will be processed in Alberta, producers and pipeline companies foresee a surplus of raw bitumen.

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- Posted: 2007-06-06 09:27:21

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