By the OGJ Online Staff
HOUSTON, Jan. 16 -- Plains All American Pipeline LP will again expand its Cushing, Okla., terminal, to 5.3 million bbl of oil capacity.
The third expansion will add 1.1 million bbl of storage and cost $11 million.
The last expansion, also 1.1 million bbl, was announced in June (OGJ Online, June 25, 2001). Work on that project will be completed at midyear.
Phase III work will begin immediately and end in December.
Matrix Service Inc. of Tulsa is the contractor for both the second and third expansions.
The Cushing terminal was completed in 1994 with initial capacity of 2 million bbl.
Greg L. Armstrong, Chairman and CEO of Plains All American, said the expansions will meet increasing customer demand for third-party storage. "In addition, this expansion will ensure that we continue to enjoy the benefits derived from the counter-cyclical balance between our terminalling and storage activities and our gathering and marketing activities."
