Sunoco, ETP Complete Merger and Name Change
5/1/2017
Sunoco Logistics Partners and Energy Transfer Partners (ETP) completed their merger announced in November of an indirect subsidiary of SXL and ETP, with ETP surviving the merger as a wholly owned subsidiary of SXL.
As part of the merger, Sunoco Logistics Partners changed its name to Energy Transfer Partners and its common units will begin trading on the New York Stock Exchange under the ETP ticker symbol.
Sunoco Logistics, which began to support the operations of the former oil giant Sun Oil maintains a of pipelines and terminals for crude oil, NGLs and refined products, including the Mariner East propane and ethane pipeline in Pennsylvania.
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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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