Colonial allocates Cycle 61 shipments on main gasoline Line 1
Oct 17 (Reuters) -Colonial Pipeline Co [RIC:RIC:COLPI.UL] is allocating space for Cycle 61 shipments on Line 1, its main gasoline line, the company said in a notice sent to shippers on Thursday.
Committed information will be available on Oct. 21, the company said.
Colonial's Line 1, with capacity of 1.2 million barrels per day (bpd), runs from Houston to Greensboro, North Carolina.
The current allocation is for the pipeline segment north of Collins, Mississippi.
The company generally announces allocations when nominations, or requests, for space to ship petroleum products on its lines exceed its ability to meet the five-day lifting cycle.
The cycles are five-day periods when a sequence of all in-season products are pumped.
Colonial pumps the same sequence of products every five days.
It connects Gulf Coast refineries with markets across the southern and eastern United States through more than 5,500 miles (8,850 km) of its pipeline system, delivering gasoline, diesel, jet fuel and other refined products.
Reporting by Rahul Paswan in Bengaluru; Editing by Shailesh Kuber
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