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

Feb. 21, 2013 6:19 PM ETKinder Morgan Energy Partners L.P (KMP) StockKMPBy: Carl Surran, SA News Editor
Kinder Morgan Partners (NYSE: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.

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