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Enterprise Products Partners LP Purchases Property to Expand ECHO Crude Oil Storage Facility
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. Financial terms of the transaction were not disclosed.
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