Welspun Receives $47 Million to Build Oil Pipeline
8/8/2016
LITTLE ROCK, Ark. (AP) – Welspun Tubular says it’s received a $47 million order to help build a 440-mile pipeline that will carry oil from Cushing, Oklahoma, to Memphis, Tennessee.
Welspun and Diamond Pipeline LLC say the order accounts for approximately two-thirds of the pipe needed to build the Diamond Pipeline.
The $900 million pipeline will be capable of transporting 200,000 barrels per day of domestic crude oil from the storage hub in Cushing to Valero’s refinery in Memphis. Diamond Pipeline LLC is a joint venture between Plains All American Pipeline and Valero. Welspun Tubular has manufacturing facilities near the Little Rock Port.
The pipeline is expected to be complete next year.
Related News
Related News
Sign up to Receive Our Newsletter
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
Comments