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Empresas y finanzas

Exclusive: Valero to back Double E oil pipeline: sources


    NEW YORK (Reuters) - Top U.S. refiner Valero is likely to commit to shipping crude on Enterprise Products Double E pipeline, a 450,000 bpd oil link that would run from Cushing, Oklahoma, to Houston and could begin operating before 2013, two industry sources told Reuters on Tuesday.

    Enterprise and its partner Energy Transfer, have been scrambling to drum up commitments from oil shippers to help it build the line, which could alleviate a glut of crude in the U.S. midcontinent.

    As a huge Gulf Coast refiner, Valero's throwing its weight behind the project may help give it critical mass to go forward, the sources said, requesting anonymity.

    (Reporting by Joshua Schneyer)