ND tribe plans refinery construction in spring
Published: October 11, 2012
Leave a comment
BISMARCK, N.D. (AP) — The chairman of the Three Affiliated Tribes says construction should start next spring on a $400 million oil refinery.
Advertisement
It would be the first one built in the United States in more than 30 years.
Tribal chairman Tex Hall says the tribe is financing the project with a bond sale. He's not expecting any problem selling the bonds to investors.
The U.S. Interior Department has agreed to put the refinery land into trust for the tribe's benefit. Hall says that was the last big step before the refinery can be built.
He says it will process about 20,000 barrels of oil each day and make gasoline, diesel fuel, jet fuel and naptha.
Hall says it's the biggest economic project in the history of the Three Affiliated Tribes.
If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.
New Rule in CALIFORNIA:
(APR 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
(APR 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
Mortgage Rates Hit 2.50%
White House Program Cuts Up to $1k off Monthly Payments! (2.90% APR)
www.SeeRefinanceRates.com
White House Program Cuts Up to $1k off Monthly Payments! (2.90% APR)
www.SeeRefinanceRates.com
Prev
