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ConocoPhillips tanker carrying Alaska crude oil headed to S. Korea
http://www.adn.com/article/20140929/conocophillips-tanker-carrying-alaska-crude-oil-headed-s-koreaConocoPhillips tanker carrying Alaska crude oil headed to S. Korea
Dermot Cole
September 29, 2014
An oil tanker left Valdez on Friday with a crude oil shipment bound not for the West Coast of the United States but for South Korea, the first export shipment of Alaska oil in a decade, according to Genscape, which operates a vessel tracking business providing market information to traders.
Genscape said the Polar Discovery, owned by ConocoPhillips, is expected to arrive Oct. 10 at Yeosu, the home of the fourth largest refinery in the world.
ConocoPhillips on Monday confirmed the shipment to Asia.
"This will enable the state of Alaska and ConocoPhillips to potentially realize a higher value for this important natural resource," the company said in a statement.