23 August 2012 18:39 [Source: ICIS news]
Under the terms of the agreement, Kinder Morgan will build a 27-mile (43km), 12-inch (30cm) diameter lateral pipeline to extend its Kinder Morgan Crude Condensate (KMCC) pipeline.
“Kinder Morgan will provide Phillips 66 with a significant portion of the lateral pipeline’s initial 30,000 bbl/day of capacity, which is expandable to 100,000 bbl/day,” Kinder Morgan said.
Kinder Morgan will spend about $90m (€72m) on the project, which also involves adding associated receipt facilities by constructing a five-bay truck offloading facility and three new storage tanks with approximately 360,000 bbl of crude/condensate capacity at Kinder Morgan’s DeWitt Station in DeWitt County, Texas, and Wharton Pump Station in Wharton County, Texas, the company said.
($1 = €0.80)
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