Oil terminal to bring up to 200 jobs to Osceola - KAIT-Jonesboro, AR-News, weather, sports

Oil terminal to bring up to 200 jobs to Osceola

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OSCEOLA, Ark. (AP) - A planned oil terminal where crude oil would be loaded onto barges is expected to bring up to 200 new jobs to Osceola.

Osceola Mayor Dickie Kennemore said Friday the project by Indigo Resources has been in the works since the start of the year. The mayor says the company plans to hire between 600 and 800 workers for construction.

Osceola is in northeast Arkansas along the Mississippi River. Crude oil from Canada would be offloaded at the rail-to-barge terminal for shipment to refineries to the south.

The Jonesboro Sun reports the Canadian crude would come from areas without pipelines, which leaves railcars as the shipping method.

The city is waiting for the Legislature to act on providing $125 million in financing for a proposed $1.1 billion steel mill.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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