BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

Phillips 66 Partners expanding Gray Oaks crude pipeline capacity to 900,000 b/d

Petrochemicals | Aromatics | Olefins | Polymers | Solvents & Intermediates

Global petrochemical outlook: H2 2019

Oil

Platts Rigs and Drilling Analytical Report (RADAR)

NGL | Oil | Crude Oil | LPG | Oil Risk | Petrochemicals

Platts University New York

Natural Gas | Oil

La victoria de la oposición populista en las primarias argentinas puede dejar en suspenso la inversión en energía

Phillips 66 Partners expanding Gray Oaks crude pipeline capacity to 900,000 b/d

New York — Phillips 66 Partners said Friday it was expanding to 900,000 b/d the capacity of its Gray Oaks crude pipeline, now under construction, supported by strong demand to move Permian crude to the US Gulf Coast.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"The Partnership is constructing the Gray Oak Pipeline, which will provide crude oil transportation from the Permian and Eagle Ford to destinations in Corpus Christi and Freeport, including the Phillips 66 Sweeny Refinery. Supported by customer commitments, capacity of the pipeline will be 900,000 b/d," Phillips 66 Partners said in its third-quarter earning statement.

In September, Phillips 66 Partners held a successful open season on the Eagle Ford segment of the line, cementing enough firm shipping commitments to expand the line's capacity from 800,000 b/d to 900,000 b/d.

Phillips 66 Partners has a 75% ownership interest in the pipeline project, and third parties have options to acquire an interest in the pipeline that could reduce its ownership to 42.25% by year end. Gray Oak Pipeline is anticipated to be in service by the end of 2019.

In Corpus Christi, the Gray Oak Pipeline will connect to the new South Texas Gateway Terminal under development by Buckeye Partners. The marine terminal will have an initial storage capacity of 3.4 million barrels and is expected to begin operations by the end of 2019. Phillips 66 Partners owns a 25% interest in the terminal. -- Janet McGurty, janet.mcgurty@spglobal.com

-- Edited by Richard Rubin, newsdesk@spglobal.com