MPLX to acquire Ozark pipeline
Published by Anna Nicklin,
Assistant Editor
World Pipelines,
A Marathon Petroleum Corp. (MPLX LP) subsidiary, MPLX Pipeline Holdings, has signed an asset purchase deal with Enbridge Inc.'s Ozark Pipeline LLC.
According to news sources, MPLX Pipeline Holdings is set to purchase the Ozark pipeline for US$220 million., subject to regulatory approvals. The deal is scheduled for closure in 1Q17.
Starting in Wood River (Oklahoma) and terminating in Cushing (Illinois), the Ozark pipeline is a 22 in., 433 mile crude oil pipeline with a capacity of 230 000 bpd. The company plans increase the pipeline's capacity to 345 000 bpd by the 2Q18.
According to Natural Gas Intel: “The acquisition is designed to add supplies from Cushing hub to MPLX's extensive existing pipelines in the Midwest.”
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/15022017/mplx-to-acquire-ozark-pipeline/
You might also like
The World Pipelines Podcast - GERG and the future of Europe's gas pipelines
A conversation about the role of GERG in European gas pipeline innovation, research, and decarbonisation strategy. Featuring Alexandra Kostereva, Operations Manager at GERG (European Gas Research Group).
Tune in to the World Pipelines Podcast on your favourite podcast app today.
