ExxonMobil to build rail terminal to transport Canadian oil sands

01/30/2014 | FuelFix.com

ExxonMobil unveiled a plan on Thursday to build a $250 million rail terminal in Alberta to transport Canadian oil sands to the market. The planned terminal can transport up to 250,000 barrels of oil per day and is expected to be complete by 2015. "We're looking at utilizing initially about 100,000 barrels a day to move our expanded production into the market. It's all about optionally flexibility and being able to take advantage of spreads and options to maximize the overall value," said ExxonMobil Vice President for Investor Relations David Rosenthal.

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