PBF Energy Completes Delaware Crude Rail Facility

PBF Energy announced it has completed the construction of a second crude oil unloading rail facility in the Delaware City, Del., refinery operated by a company subsidiary. According to PBF Energy, the project came in on schedule and within budget.

The facility has a capacity of 70,000 barrels per day of oil. All told, the two rail facilities now operational at the refinery can handle up to 110,000 bpd.

The company quoted CEO Tom Nimbley as saying: "The completion of this premier rail facility puts our East Coast refining system at a competitive advantage compared to its Atlantic Basin peers. PBF is now able to deliver significant quantities of cost-advantaged North American crude oils directly to Delaware City at very competitive pricing."

The article PBF Energy Completes Delaware Crude Rail Facility originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in PBF Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum