15 August 2013 18:02 [Source: ICIS news]
HOUSTON (ICIS)--Magellan Midstream has acquired from Shell a southeast ?xml:namespace>
The 15-mile West Columbia pipeline originates at Genoa Junction in south Houston and extends northward through Speed Junction and various refinery plants in
The “Ho-Ho” was originally named for its Houma, Louisiana-to-Houston route but has been reversed due to the advent of shale oil to send crude from
“The acquisition of the West Columbia pipeline expands our current distribution system by providing additional capacity and also creates opportunities for future connections to third-party terminals in the
Financial details of the acquisition were not disclosed.
Magellan has been active in recent months in capitalising on the shale boom. In July, it and the Netherlands-based Royal Vopak announced they were jointly looking into developing a deepwater storage and handling facility along the Houston Ship Channel for crude oil, refined products and ethanol.
Also in July, Magellan closed on its $57m (€43m) acquisition of Plains All American Pipeline’s assets in
In April, Magellan began reversing its Longhorn Pipeline to transport west
($1 = €0.75)
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