Major Oil Terminal Projects Being Announced Along Texas Gulf Coast -- The Bakken, North Dakota, USA

Link here.

Driven by talks of exports; companies announcing projects:

• Kinder Morgan Energy Partners
• Oiltanking Partners
• GT Logistics LLC

GTL

• To open OmniPort in January, 2012, Port Arthur, TX
• 300 acres of on-site rail car storage
• $95 million project

Bostco Terminal

• KMEP will participate in Battleground Oil Specialty Terminal Co LLC (Bostco)
• Houston Ship Channel
• Initial phase: 52 storage tanks; combined capacity of 6.6 million bbls
• Will be able to handle ships with drafts up to 45 feet
• To enter service by 3Q13
• $400 million project

Oiltanking

• Two oil pipelines and 1 million bbls of oil storage in Houston Ship Channel
• Cited expected US shale and Canadian oil sands crude oil coming to the Gulf Coast
• To be completed by 1Q13
• $85 million project
• Brings capacity of all products up to almost 20 million bbls