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Magellan Midstream building Texas pipeline

Associated Press 05.12.08, 10:47 AM ET

"TULSA, Okla. -Petroleum product pipeline company Magellan Midstream Partners LP said Monday it will spend $240 million to build a Texas pipeline from East Houston to Port Arthur and upgrade a related terminal.

Magellan will build an 80-mile, 16-inch pipeline linking its terminal in East Houston to the Port Arthur refining region. The pipeline, which will be operational by 2011, will have a 150,000 barrel per day capacity."

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