Plains All American Pipeline entered into a definitive agreement to purchase Occidental Petroleum’s 50% share in BridgeTex Pipeline Company for USD 1.075 billion. BridgeTex owns the BridgeTex Pipeline—a 300,000 B/D crude pipeline system that extends from Colorado City in west Texas to Texas City, approximately 15 miles from the port of Galveston. The remaining 50% of BridgeTex Pipeline is owned by Magellan Midstream Partners.
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