Bloomberg News

Crude Oil Offloaded From Grounded Tanker Leaves Albany on Barge

December 24, 2012

A barge with about 100,000 barrels of crude oil headed south from the Port of Albany today with part of the load originally carried by the Stena Primorsk before it ran aground four days ago.

The double-hulled tanker breached its outer hull last week about 10 miles south of Albany, but no oil was spilled from its cargo of about 11.7 million gallons (279,000 barrels). The incident postponed the first of many planned trips of North Dakota Bakken oil from Buckeye Partners LP (BPL:US) terminals at the Port of Albany to Irving Oil Corp.’s refinery in Canada.

“We loaded one barge which departed this morning, and they’re in the process of offloading to another barge,” said Richard Hendrick, general manager of the port. “I still haven’t heard the process, if they’re going to trans-load it to New York Harbor, or take it right up. That’s Irving Oil’s call.”

Irving Oil spokeswoman Carolyn Van der Veen didn’t immediately respond to an e-mailed request for comment today.

Buckeye said in October it reached a multi-year agreement with Irving to provide crude services at its Albany terminal. Buckeye has 1.8 million barrels of storage there, and is making modifications to increase its rail capacity to 135,000 barrels a day.

No oil spilled in the incident and no one was hurt, said U.S. Coast Guard officials last week.

To contact the reporter on this story: Eliot Caroom in New York at ecaroom@bloomberg.net

To contact the editor responsible for this story: Bill Banker at bbanker@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • BPL
    (Buckeye Partners LP)
    • $83.41 USD
    • 0.94
    • 1.13%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus