BREAKING NEWS
This content is not available in your region

Exxon, Plains All American to start on Texas pipeline

Access to the comments Comments
Exxon, Plains All American to start on Texas pipeline
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes   -   Copyright  SERGIO MORAES(Reuters)
Text size Aa Aa

(Reuters) – Exxon Mobil Corp, Plains All American Pipeline and Lotus Midstream LLC said on Wednesday they will build a Texas crude pipeline that can carry more than 1 million barrels per day of oil and condensates.

The Wink-to-Webster pipeline will connect the Permian Basin in West Texas to the Texas Gulf Coast, and comes when booming production has led to tight pipeline capacity in the lucrative shale basin, resulting in lower prices for regional crude.

Pipeline operator Plains will lead the construction of the pipeline, which will start operations in the first half of 2021, the companies said.

(Reporting by John Benny in Bengaluru; Editing by Sriraj Kalluvila)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.