Enterprise Products and Energy Transfer to form JV for crude oil pipeline from Cushing to Houston
Green Car Congress
APRIL 27, 2011
and Energy Transfer Partners, L.P. have agreed to form a 50/50 joint venture to design and construct a crude oil pipeline from Cushing, Oklahoma to Houston, Texas. Over the past three months, Cushing crude oil (West Texas Intermediate) has been trading at an average discount of approximately $12.57 per barrel and $10.54
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