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US oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than US$1bil, including debt, say sources.
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter...
(Reuters) -U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday. The Rockies Express Pipeline (REX) is a 1,700-mile (2730-km)interstate natural gas pipeline, stretching from Wyoming and Colorado in the U.S. West to Eastern Ohio. Phillips 66 is working with its advisers on talks with potential buyers, which include private equity firms and infrastructure funds, the sources said, requesting anonymity as the discussions are confidential.
QatarEnergy has broken ground on its Ras Laffan Petrochemical Complex, a mega facility being built at an investment of $6 billion. The complex will house an ethane cracker with a 2.1-million-tons-per-year capacity, making it the largest in the region.
His Highness Sheikh Tamim bin Hamad Al Thani, Amir