Kinder Morgan Energy Partners, L.P. KMP and Phillips 66 PSX
have entered into an agreement for Kinder Morgan to transport Eagle Ford crude
and condensate to Phillips 66's Sweeny Refinery in Brazoria County, Texas.
Under the agreement, KMP plans to build a 27-mile, 12-inch diameter lateral
pipeline to extend its Kinder Morgan Crude Condensate (KMCC) pipeline. Kinder
Morgan will provide Phillips 66 with a significant portion of the lateral
pipeline's initial 30,000 barrels per day (bpd) of capacity, which is
expandable to 100,000 bpd.
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