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Utes Looking to Tap Oil Reserves

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SALT LAKE CITY (AP) -- The Ute American Indian tribe is taking on a partner to help explore ways to tap oil reserves in the Uinta Basin.

The tribe says it signed an agreement with Indiana-based Calumet Specialty Products Partners. The agreement eventually could lead to the construction of a $300 million crude-oil refinery on its reservation in northeastern Utah.

Maxine Natchees, chair of the Ute Tribe, says building a new refinery is the goal of the partnership.

There hasn't been a new crude-oil refinery built in the United States for 30 years. It's unclear how long building a refinery would take, but some estimates put that time period at ten years.


Information from: The Salt Lake Tribune

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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