Plains All American forms Caddo Pipeline with Delek
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
Plains All American Pipeline, L.P. has announced the formation of Caddo Pipeline LLC, a 50/50 joint venture with Delek Logistics Partners, LP to develop the Caddo Pipeline, an 80 mile, 12 in. pipeline between Longview, Texas, and Shreveport, La.
The Caddo Pipeline will originate at the Plains Atlas Terminal in Longview and will have the capacity to move up to 80 000 bpd of domestic crude oil to supply refineries in the Shreveport area and Delek Logistics’ pipeline system supplying Delek US Holdings’ El Dorado, Ark. refinery.
Under the agreement, PAA will construct and operate the Caddo Pipeline.
The total project investment is expected to be approximately US$100 million; the pipeline is supported by long-term shipper commitments and is expected to be completed in mid 2016.
Edited from source by Elizabeth Corner
Read the article online at: https://www.worldpipelines.com/business-news/24032015/plains-all-american-forms-caddo-pipeline-with-delek/
You might also like
Saipem awarded US$850 million contract offshore Angola
Saipem awarded a new offshore contract by Azule Energy for Ndungu Field Project in Angola, for a total amount of around US$ 850 million.