Plains to add crude storage on Gulf Coast

摘要

In a move that would add a Gulf Coast position to a crude storage network that includes outposts in Cushing,Oklahoma,and Midland,Texas,Plains All American Pipeline said June 13 it will build a US70-mil,2.9-mil bbl terminal at St.James,Louisiana,and have it operating by early 2007.The Houston-based master limited partnership also boosted its earnings guidance for this year,citing"better-than-expected market conditions"in its gathering,marketing,terminaling and storage business.