Enterprise expand ECHO crude oil storage facility

Enterprise to expand ECHO crude oil storage facility

10:35 PM, 13th February 2012
Enterprise to expand ECHO crude oil storage facility

HOUSTON, US: Enterprise Products Partners LP announced that it has purchased a 37-acre tract of land adjacent to its Enterprise Crude Houston (ECHO) crude oil terminal, which is currently under construction, in southeast Harris County. The acquisition will allow the partnership to increase its crude oil storage capacity at ECHO to approximately 6 million barrels. The ECHO facility is expected to begin service in the second quarter of 2012.

“Strategically located near two large-diameter crude oil pipelines, including the Seaway system, the ECHO terminal gives shippers the flexibility to access the largest concentration of refineries in the world, as well as the Cushing storage and trading hub. With its growing importance as an access point to the liquid Gulf Coast crude oil market, the ECHO terminal is being developed as a regional pricing point for the US Gulf Coast crude market,” said AJ Jim Teague, Executive Vice President and Chief Operating Officer, Enterprise’s General Partner.

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