Basic Petroleum completes construction of third pipeline.NEW YORK--(BUSINESS WIRE)--Dec. 19, 1996--Basic Petroleum International Limited announced today the completion of construction of its third pipeline, which extends 67 miles from Basic's La Libertad La Libertad can refer to:
Testing of the new pipeline has been completed, and the pipeline is now in service. The completion of the pipeline enables Basic to eliminate its reliance on trucks for transportation of crude oil. Basic is now able to transport its entire crude oil production, currently running at approximately 20,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. , using its own pipeline system. Basic Petroleum International Limited is an oil exploration and development company with executive offices in Paris, operations in Guatemala and an investor relations Investor relations The process by which the corporation communicates with its investors. office in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The Company's shares trade on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market System under the symbol BPILF. CONTACT: Basic Petroleum International Limited Monica R. Bonner, 212/664-8731 Stuart M. Carlisle, 212/614-4000 |
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