04 February 2013 20:37 [Source: ICIS news]
HOUSTON (ICIS)--US pipeline operator Magellan Midstream Partners plans to build new pipeline infrastructure at its Galena Park, Texas, terminal to originate crude oil to the company’s Gulf coast distribution system for delivery to refineries in the Houston and Texas City area, the company announced on Monday.
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The project, estimated to cost approximately $50m (€37m), is supported by long-term committed volumes and is expected to be fully operational by mid-2014, the company said.
($1 = €0.73)
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