Magellan Midstream plans to build new pipeline and terminal
infrastructure at the partnerships Galena Park terminal
in Texas, the Oklahoma-based company said on Monday.
The new project will send crude oil to
Magellans Gulf Coast crude distribution system for
delivery to refineries in the Houston and Texas City area.
We are pleased to add crude oil as a service offering
at our Galena Park terminal, continuing to expand
Magellans growing crude oil footprint, said CEO
Our Galena Park facility is ideally situated to handle
crude oil for delivery to the Gulf Coast refinery hub via Magellans own
This project, estimated to cost
approximately $50 million, is supported by long-term committed
volumes and is expected to be fully operational by mid-2014
subject to necessary permitting.