Marathon affiliate buys Enbridge pipeline for $220 million

Marathon Petroleum’s pipeline affiliate, MPLX, said it will buy an Oklahoma-to-Illinois pipeline system from Enbridge for $220 million. Ohio-based MPLX will take over the 433-mile crude oil pipeline that originates in the Cushing, Oklahoma storage hub and runs to Midwestern refining and pipeline systems near Wood River, Illinois. Calgary-based Enbridge, which bases its U.S. Enbridge …
Source: FuelFix