U.S. Approves Construction of NuStar Pipeline to Connect U.S., MexicoWritten by admin , July 3rd, 2017 // Construction
NuStar Energy LP (NS) won approval from the U.S. State Department for construction and operation of three pipelines crossing the U.S.-Mexico border.
The San Antonio-based energy company received two permits to continue operation at existing pipelines and one permit to build a new pipeline called New Burgos. The New Burgos pipeline will deliver 108,000 bpd of refined petroleum products and cross the border near Peñitas, TX.
The State Department said the pipeline will support the bilateral relationship between the U.S. and Mexico. Approval for the pipeline comes as President Trump promotes a policy of U.S. “energy dominance.”
NuStar shares closed up in Thursday trading.