CIPL to RCA: We’re nearly ‘non-profit’
Operator of oil pipeline along Alaska’s Cook Inlet tries to quell protest against its volcano-related 259 percent rate hike
For Petroleum News
Answering criticism of its steep tariff increase, Cook Inlet Pipe Line Co. is telling Alaska regulators its crude oil pipeline is “very small” and is operated on “nearly a non-profit basis.”
Those arguments might not wash with oil shippers, who have lodged objections to the carrier’s 259 percent rat....
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Bad timing for new producer
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