Kinder Morgan and Phillips 66 Partner in $90M Project

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.