Title : The Energy And Market Page, T+245 -- September 22, 2017
link : The Energy And Market Page, T+245 -- September 22, 2017
The Energy And Market Page, T+245 -- September 22, 2017
Link here.Phillips 66 Partners LP (NYSE: PSXP) will buy more assets from Phillips 66 (NYSE: PSX) for $2.4 billion, the Houston-based companies announced Sept. 22.
The deal is expected to close in early October, and it's the largest acquisition the master limited partnership has made in its four-year history. Prior to this deal, the MLP’s largest was a $1.3 billion drop-down announced last October.
Phillips 66 is dropping down its 25 percent interest in both Dakota Access LLC and Energy Transfer Crude Oil Company LLC — Bakken Pipeline joint ventures — and its 100 percent interest in Merey Sweeny LP, which owns fuel-grade processing units at the Phillips 66 Sweeny Refinery.
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