US Kinder Morgan to pipe Eagle Ford crude to Phillips 66 refinery

23 August 2012 18:39  [Source: ICIS news]

HOUSTON (ICIS)--US energy pipeline and storage firm Kinder Morgan Energy has agreed transport crude oil from the Eagle Ford shale in south Texas to Phillips 66’s Sweeny refinery in Texas, the companies said on Thursday.

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)

By: Bobbie Clark
+1 713 525 2653

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