Sunoco Expands Role in Permian Basin with Terminal, Pipeline
SUGAR LAND--September 28, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Sunoco Logistics Partners LP (NYSE:SXL) (Newtown Square, Pennsylvania), a pipeline operator and subsidiary of Energy Transfer Partners LP (NYSE:ETP) (Dallas, Texas), announced it will buy the remaining interest in a crude-oil terminal and pipeline system in Texas' Permian Basin from Vitol Group (Geneva, Switzerland), a subsidiary of Vitol Holding N.V. (Rotterdam, Netherlands), for about $760 million. Industrial Info is tracking $2.65 billion in active projects from Sunoco.
Within this article: Details on the terminal and pipeline system purchased, as well as some of Sunoco's other major projects related to the Permian Basin.
