NEW YORK, Aug 15 (Reuters) - Enterprise Products
Partners ( EPD ) said on Friday the Seaway crude oil pipeline
system had resumed full operations after a leak from the
company's oil terminal in southeast Houston earlier this week.
A portion of the Seaway pipeline went down on Tuesday night,
impacting crude oil flows on the pipeline, which runs from
Cushing, Oklahoma, to the Freeport, Texas, area and connects to
the Enterprise Crude Houston (ECHO) terminal.
The restart process occurred in stages and the pipeline began to
transport volumes late on Thursday, the company said, declining
to provide details on how many barrels were impacted by the
leak.
The price of West Texas Intermediate crude at the East Houston
terminal, called MEH, traded at a $1.25 premium to WTI at
Cushing on Thursday, about 45 cents higher than on Monday,
before the leak occurred.
The ECHO terminal is a physical delivery point for Midland crude
oil in Houston and provides crude oil storage to customers with
access to major refineries along the Texas Gulf Coast. The
facility has connections to marine terminals that in turn supply
other domestic and international refineries.
The Seaway pipeline is a 50-50 joint venture between
Enterprise, which operates the line, and Canada's Enbridge ( ENB )
.