Energy pipeline operation Enbridge plans to expand capacity on its Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year, an executive told Reuters on Tuesday.
An additional 40,000 bpd expansion could come online in 2025 after the company decides on its capital expenditure plans, said Colin Gruending, an executive vice president at Calgary-based Enbridge.
The company had originally announced plans for a 200,000 expansion on the Texas pipeline, but said in February revised its expansion target to between 100,000 bpd and 200,000 bpd.
The pipeline runs between the Permian basin in West Texas and the top U.S. oil export hub Corpus Christi, on the Texas Gulf Coast.
(Reporting by Georgina McCartney)