Friday, August 17, 2012

Media Mogul Proposes $13 Billion Refinery For Northern Gateway Oil

Media mogul David Black is proposing a $13-billion oil refinery for Kitimat, British Columbia, to process oil from the controversial Northern Gateway pipeline.
Black acknowledges he doesn’t yet have investors and hasn’t had buy-in from Enbridge, First Nations or the provincial government.
Black, owner of Black Press Ltd, said on Friday that the plant would process up to 550,000 barrels a day of crude at a site near Kitimat, the terminus of the proposed Northern Gateway line.
He plans to pay for the environmental assessment, but says he wants investors to come together to pay for the refinery.

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