Log in to your IBTimes Account

close
ID
Password
  • Set your IBTimes.com Edition

NuStar board backs $16.1 million pipeline project



By AP
29 August 2008 @ 03:44 pm ET

SAN ANTONIO - NuStar Energy LP said Friday its directors approved construction of a $16.1 million pipeline segment in Kansas .

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
NS 53.69 0.03

The 12.5-mile will run from El Dorado to Potwin. It will carry products from the Gulf Coast and other points to customers in Kansas, Nebraska, Iowa, and the Dakotas.

NuStar expects to complete construction next May. The project grew out of supply problems last year in the Dakotas, the company said.

NuStar operates two pipelines in the area, but a gap in one causes bottlenecks in the other during peak-demand times, the company said.

Shares of San Antonio-based NuStar rose $2.33, or 5 percent, to $49.43 in afternoon trading. The stock has ranged from $42.20 to $64.70 over the past year.

Copyright 2009 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

*Name


advertisement
More Industries
Warren Buffett's Berkshire Hathaway Inc said it plans to limit the amount of business underwritten by its reinsurance operations, as it prepares to spend...
California was awarded $19.5 million in a settlement against Royal Dutch Shell Plc's U.S. unit for not storing fuel properly at filling stations in the s...
Citigroup Inc said on Friday that new accounting rules for securitization trusts may prevent the bank from funding some of its assets with a top debt rat...

advertisement
Advertisement
POS Magnetic Card Readers

Online distributor for point of sale equipment, TYSSO and Pegasus.

 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives