Phillips 66 Partners to Begin Construction of Permian-to-Corpus Christi Crude Oil Pipeline
SUGAR LAND--April 26, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Phillips 66 Partners (NYSE:PSXP) (Houston, Texas), the midstream spinoff of Phillips 66 (NYSE:PSX) (Houston), has announced that, after a successful initial open season, it will commence construction on the Gray Oak crude oil pipeline, running from the Permian Basin to Corpus Christi, Texas, as well as refining hubs near Freeport and Houston. The project is a joint venture between Phillips 66 Partners (75%) and Andeavor (NYSE:ANDV) (San Antonio, Texas) (25%). Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) has the option to acquire up to 32.75% of the project, which would come from Phillips 66 Partners' share. Industrial Info is tracking more than $2 billion in Phillips 66 Partners pipeline projects.
Within this article: Details of Phillips 66 Partners projects
Other companies featured: Energy Transfer Partners (NYSE:ETP), DCP Midstream Partners (NYSE:DPM)
