Kinder Morgan Partners (KMP) and truck and rail operator Watco plan to team with Swiss oil...

|About: Kinder Morgan Energy Partne... (KMP)|By:, SA News Editor

Kinder Morgan Partners (KMP) and truck and rail operator Watco plan to team with Swiss oil trader Mercuria to build a 210K bbl/day crude-by-rail terminal in Houston, the latest bet on railcars to ease bottlenecks in U.S. oil markets. The facility will have the capability to handle three large train units/day of crude oil and condensate, plus barge offloading capacity of up to 100K bbl/day.