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Stock Market & Financial Investment News

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August 5, 2014
11:01 EDTKMPKinder Morgan Energy to invest $54M to expand curde and condensate system
Kinder Morgan Energy announced it will invest approximately $54M to build an interconnect and other facilities for its Kinder Morgan Crude and Condensate pipeline after entering into a long-term transportation agreement with Republic Midstream Marketing. Republic will construct a gathering pipeline from Lavaca County, Texas, to the new interconnection at KMPís DeWitt Station, near Cuero, Texas. In addition to the interconnection, KMP will build two storage tanks, truck offloading racks and related facilities. The project is expected to come online in June 2015.
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