MOSCOW (MRC) -- US refiner Phillips 66 expects a permit will be granted to build an oil pipeline under the Missouri River near Native American land in North Dakota, said Hydrocarbonprocessing citing Chief Executive Officer Greg Garland.
"There's not that much left to be finished once we get the easement to go underneath the Missouri River," Garland told analysts on a conference call. "So I think that can be wrapped up in relatively short order."
In a tense standoff in North Dakota that spilled into Friday morning, police arrested 141 Native Americans and other protesters seeking to halt construction of the Dakota Access Pipeline intended to carry crude oil to the Midwest. Phillips owns 25% of the project.
The US Justice and Interior Departments along with the US Army Corps of Engineers halted construction under the Missouri in September due to protests by Native American tribes who say the pipeline would disturb sacred land and pollute waterways supplying nearby homes.
Construction is continuing on sections of the pipeline away from the Missouri River, Garland said.
The USD3.7-B, 1,100-mile Dakota Access would be the first to carry crude from the Bakken shale, a vast oil formation in North Dakota, Montana and parts of Canada, to an existing pipeline in Illinois through which it could be shipped to refineries along the US Gulf Coast.
As MRC informed before, Phillips 66 and Chevron Phillips Chemical are teaming up with the Sweeny Independent School District in Texas to help fund the creation of a petrochemical academy.
Phillips 66 is an American multinational energy company headquartered in Westchase, Houston, Texas. It debuted as an independent energy company when ConocoPhillips spun off its downstream assets and midstream assets. Phillips 66 began trading on the New York Stock Exchange on May 1, 2012, under the ticker PSX. The company is engaged in producing natural gas liquids (NGL) and petrochemicals.
MRC