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Marathon Petroleum Grows US NGLs Midstream Position

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US-based independent refiner Marathon Petroleum is upping its ownership of the Belvieu Alternative NGL (BANGL) pipeline to 100% with the purchase of the 55% stake it did not control from affiliates of WhiteWater Midstream and Diamondback Energy, taking another step toward expanding its presence in the NGLs market.

Topics:
Earnings, Corporate Strategy, NGL/LPG, Midstream Companies, Oil Pipelines
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