The Los Angeles City Council voted Wednesday to allow construction of a crude oil import terminal at the Port of Los Angeles.
The Plains All American Pipeline terminal could handle up to 25 percent of Southern California's petroleum imports. It will be built on Pier 400 and use existing pipelines owned by Plains All American.
The facility will have initial capacity of 350,000 barrels of oil per day. Storage tanks will hold up to 4 million barrels awaiting distribution to nearby refineries.
Plains All American estimates its cost for the construction project at $468 million.
"In tough economic times, I am glad that this project will move forward and create 6,300 good-paying construction jobs," said Councilwoman Janice Hahn, who supported the measure.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Terminal Would Give Port Big Boost
- Plan for New Oil Terminal Sinks at Port of L.A.
- New Port Terminal Plan Surfaces
- State’s Biggest Refinery in Pipeline
- Weak Link?
- Anschutz's Pacific Energy Has Shown Strong Yields Early On
- Alon USA Energy Upping Its California Refinery Ante
- Alon Buys Port Oil Pipeline Network