Associated Press, Published October 15 2012
Western ND lawmaker pushes tax break for oil refineryBISMARCK — A western North Dakota legislator says the state's increased oil production shouldn't all be exported.
Dickinson state Rep. Shirley Meyer is supporting a proposed tax break for oil refining. It would exempt oil from North Dakota's 6.5 percent extraction tax if the oil is processed at a North Dakota refinery.
Meyer says the idea will promote more refinery development. She says although North Dakota is now the nation's No. 2 oil producer, the emphasis is on exporting the oil instead of encouraging refinery construction here.
North Dakota is now producing an average of more than 700,000 barrels of oil each day. There's only one North Dakota refinery — the Tesoro refinery near Mandan. It can process about 68,000 barrels a day.
Copyright 2012 The Associated Press.