MPLX LP Purchases Stake in Bakken Pipeline System
2/16/2017
MPLX LP has closed on a previously announced transaction to acquire a partial, indirect equity interest in the Bakken Pipeline system, through a joint venture with Enbridge Energy Partners, L.P.
MPLX contributed $500 million of the $2 billion purchase price paid by the joint venture to acquire a 36.75 percent indirect equity interest in the Bakken Pipeline system from Energy Transfer Partners, L.P. and Sunoco Logistics Partners L.P.
The contribution with funded with cash on hand.
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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
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