National Energy Board Hearings - Reversal of pipeline 9B: an opportunity for Quebec, an urgent need for Valero Energy Inc.

National Energy Board Hearings - Reversal of pipeline 9B: an opportunity for 
Quebec, an urgent need for Valero Energy Inc. 
MONTREAL, Oct. 11, 2013 /CNW Telbec/ - It is vital that the Quebec refining 
industry has access to new sources of raw material at competitive costs. The 
reversal of pipeline 9B, allowing the shipment to Quebec of oil from Western 
Canada and elsewhere on the continent, offers the most reliable and quickest 
means of making this possible, emphasized Valero Energy Inc. (‟Valero") 
today in Montreal at the National Energy Board hearings on the Enbridge 
project. 
‟The Quebec refining industry is experiencing increasingly fierce 
competition and there is an urgent need to vary its supply sources so that it 
remains competitive and viable in the long-term. For Valero, such access to 
competitive sources of light crude oils remains the fundamental condition for 
the inflow of future major investments in our facilities," said Ross R. Bayus, 
President of Valero's Canadian Operations. 
Investments of $200 million
In addition to bolstering the security of the Province's energy production, 
the pipeline 9B reversal offers significant opportunities for Quebec. For 
Valero alone, the Enbridge pipeline 9B reversal represents investments of over 
$200million at its Montreal East facilities and its Lévis Jean Gaulin 
refinery, as well as the acquisition of two new ships, via a partnership, for 
the transportation of oil on the St. Lawrence River between these two 
destinations. These investments would create 200 jobs during the construction 
phase and 100permanent jobs, once the two ships are in service. 
‟This project offers a real opportunity for Quebec and its refining and 
petrochemical industry to benefit from the pipeline 9B's existing 
infrastructure. This pipeline has proved its reliability and its flow can be 
reversed in less than one year in order to meet current demand. It also makes 
perfect sense, both economically and socially, that we should capitalize on 
this country's raw materials, while also ensuring their reliable and safe 
transportation," added Mr. Bayus. 
About Valero
Valero is the largest independent refiner and distributor of petroleum 
products in the world. Its assets include 16 refineries located across the 
United States from the West Coast to the Gulf of Mexico, as well as in Canada 
and the United Kingdom, with a combined throughput capacity of 3million 
barrels per day. Through Valero Energy Inc., its wholly owned subsidiary in 
Canada, it owns and operates the Jean-Gaulin refinery in Lévis, which has a 
refining capacity of some 265,000 barrels per day, along with several other 
logistics infrastructures, including the Montreal East oil terminal, the most 
important of its kind in Canada, as well as the Pipeline Saint-Laurent that 
links the Lévis refinery and Montreal. Its Canadian operations also make it a 
leader, among others, in the field of industrial and commercial sales of 
petroleum products, and as a supplier to resellers and independent 
distributors. Valero Energy Inc. is also a major employer in Eastern Canada, 
in terms of the direct and indirect employment it generates.
 

SOURCE  Valero Energy Inc. 
Michel Martin - Director, Public and Government Affairs Telephone: 
514982-8211 Email:michel.martin@valero.com 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2013/11/c9354.html 
CO: Valero Energy Inc.
ST: Quebec 
-0- Oct/11/2013 13:46 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.