February 4, 2013 [PR Newswire] - Magellan Midstream Partners announced today 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.
“We are pleased to add crude oil as a service offering at Magellan’s Galena Park terminal, continuing to expand our growing crude oil footprint,” said Michael Mears, chief executive officer.
“Our Galena Park facility is ideally situated to handle crude oil for delivery to the Gulf Coast refinery hub via Magellan’s own pipeline network.”
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.
