BridgeTex Pipeline Company ownership transaction complete
Published by Lydia Woellwarth,
Editor
World Pipelines,
Plains All American Pipeline, L.P. (Plains), Magellan Midstream Partners, L.P. (Magellan), and OMERS, the defined benefit pension plan for municipal employees in Ontario, Canada (OMERS), along with OMERS Infrastructure Management Inc. (OMERS Infrastructure), the infrastructure investment manager of OMERS, have announced that certain of their subsidiaries have closed the previously announced joint ownership transaction in BridgeTex Pipeline Company, LLC (BridgeTex).
As a result, OMERS now owns a 50% interest in BridgeTex, Plains has retained a 20% interest, and Magellan has retained a 30% interest and will continue to operate the pipeline.
Read the article online at: https://www.worldpipelines.com/business-news/01102018/bridgetex-pipeline-company-ownership-transaction-complete/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Unlocking the energy value chain
Carlos Garcia Alvarado, CTO and Vicki Knott, CEO, CruxOCM, discuss how to optimise midstream operations to enhance efficiency and unlock value across the supply chain.
