TransCanada, M2 to build new U.S. crude storage facility: Reuters
TransCanada Corp plans to build a new crude oil storage facility in Cushing, Oklahoma in partnership with M2 Infrastructure LLC, an affiliate of U.S. private equity firm Lone Star Capital, Reuters reported. The facility will be able to store 6.2 million barrels of crude oil and will be located at TransCanada's terminal in Cushing, M2 said, adding TransCanada will operate the storage. The project is expected to begin in late 2017.
15 March 2017•1 min read
