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Energy Transfer completes acquisition of Crestwood Equity

Energy Transfer has strengthened its position in the midstream sector with the acquisition of rival Crestwood Equity Partners.

Mubadala joins EIG-led consortium to acquire stake in Aramco pipeline

Mubadala joins EIG-led consortium to acquire stake in Aramco pipeline Share Sign up here for GlobalData s free bi-weekly Covid-19 report on the latest information your industry needs to know. Abu Dhabi sovereign investor Mubadala Investment has reportedly joined the EIG Global Energy Partners-led group to purchase Saudi Aramco’s stake in newly formed crude oil pipeline entity. As per the deal, the consortium agreed to acquire Aramco’s 49% stake in newly formed Aramco Oil Pipelines Co for approximately $12.4bn. Saudi Aramco, however, will retain a 51% stake in the new company, which is valued at around $25.3bn. Aramco Oil Pipelines will operate all the existing and future stabilised crude pipelines of Saudi Aramco in Saudi Arabia. These pipelines connect oilfields to downstream networks.

Tanzania inks host agreement for East African oil pipeline project

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