Kinder Morgan Invests $118.8M in Canada
06.26.2006 By Ricardo Perez - NEWS

Oil and gas distributor Kinder Morgan Energy Partners LP said Wednesday it is investing nearly $133 million Canadian ($118.8 million) to build a crude oil storage facility in Canada.

 
The company said a subsidiary will begin construction this summer on the oil tank farm in Edmonton, Alberta, which will have nine tanks with a storage capacity of nearly 2.2 million barrels.
 
It is the first investment in the company’s planned network of storage facilities in western Canada, said Ian Anderson, president of Kinder Morgan Canada.
 
The tank farm will have access to more than 20 incoming and outbound pipelines, the company said.
 
Shares of Kinder Morgan Energy Partners added 1 cent to $45.78 in afternoon trading on the New York Stock Exchange.

10-year Treasury yield hovers close to highest level since April as investors await key jobs data
01.10.2025 - NEWS
U.S. Treasury yields hovered close to its highest level since April on Friday, as investo... Read More
Union dockworkers, port employers announce tentative deal at East Coast and Gulf ports
01.09.2025 - NEWS
State of Freight The tentative agreement is on all items for a new six-year mas... Read More
China's property market is expected to stabilize in 2025 — but stay subdued for years
10.30.2024 - NEWS
China’s struggling real estate sector may not start turning around until the sec... Read More
Harris will offer an alternative to Trump-era politics in closing argument speech
10.29.2024 - NEWS
1234534234 Democratic presidential nominee U.S. Vice President Kamala Harris walks to bo... Read More