Magellan Midstream Partners (MMP -1%) plans to construct new pipeline and terminal...

|About: Magellan Midstream Partners... (MMP)|By:, SA News Editor

Magellan Midstream Partners (MMP -1%) plans to construct new pipeline and terminal infrastructure at its Galena Park, Tex., terminal to originate crude oil to its Gulf Coast distribution system for delivery to refineries in the Houston and Texas City area. MMP says the ~$50M project is supported by long-term committed volumes and is expected to be fully operational by mid-2014.