Kinder Morgan, Imperial To Build $170M Oil Rail Terminal

Law360, New York (December 20, 2013, 4:28 PM ET) -- U.S. midstream giant Kinder Morgan Energy Partners LP and Canadian petroleum company Imperial Oil Ltd. said Friday that they will invest $170 million to jointly develop a rail loading terminal in Alberta to transport crude oil produced from oil sands to refineries and markets throughout North America.

The so-called Edmonton Rail Terminal will be built on land next to an Imperial refinery and near Kinder Morgan's Edmonton storage terminal, and will be capable of loading between one and three unit trains per day totaling 100,000 barrels...
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