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Stock Market & Financial Investment News

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February 4, 2013
09:11 EDTMMPMagellan Midstream to construct new pipline at Galena Park, Texas
Magellan Midstream announced that it plans to construct new pipeline and terminal infrastructure at the partnership's Galena Park, Texas terminal to originate crude oil to Magellan's Gulf Coast crude oil distribution system for delivery to refineries in the Houston and Texas City area. This project, estimated to cost approximately $50M, is supported by long-term committed volumes and is expected to be fully operational by mid-2014 subject to necessary permitting.
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