PHILADELPHIA (AP) -- A new high-speed rail unloading facility at a South Philadelphia oil refinery complex is almost fully operational and ready to become the largest customer of crude oil from the Bakken Shale formation.
Philadelphia Energy Solutions CEO Philip Rinaldi said Thursday he expects the facility to become fully operational in a week or two.
Once that happens, it'll be able to unload two 120-unit trains per day each carrying 80,000 barrels of oil. He says he expects 40 to 60 trains over each of the next three months.
Lower-cost crude oil from the Bakken Shale formation underneath North Dakota, Montana and Canada has been arriving at the refinery in recent months through other means, including a slower rail unloading facility and barge.
The complex is the largest on the Eastern seaboard.