Market Overview

Kinder Morgan, Imperial Oil to Build Edmonton Crude Oil Rail Terminal

Kinder Morgan Energy Partners L.P. (NYSE: KMP) and Imperial Oil (IMO)
today announced a 50-50 joint venture to build a crude oil rail-loading
facility in Strathcona County, Alberta, called the Edmonton Rail
Terminal.

The facility will be built on heavy industrial-zoned land approximately
one-half kilometer southwest of Kinder Morgan's Edmonton storage
terminal, on land adjacent to Imperial's Strathcona Refinery. The
Edmonton Rail Terminal is currently being designed as a crude oil
loading terminal capable of loading one to three unit trains per day
totaling 100,000 barrels per day at startup, with the potential to
expand to approximately 210,000 barrels per day, and ultimately to
250,000 barrels per day.

See full press release

Posted-In: News Guidance Dividends Contracts Management Global

 

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