MARATHON PETROLEUM CORPORATION: Capline Pipeline Owners To Launch Binding Open Season

Marathon Petroleum Corporation issued the following announcement on Jan. 2.

The owners of the Capline pipeline system intend to conduct a binding open season in January 2019 for a reversed Capline system, which would transport crude oil from origination points near Patoka, Illinois, and Collierville, Tennessee, to the U.S. Gulf Coast. The owners – including Plains Pipeline, L.P., BP Oil Pipeline Company, and Marathon Petroleum Corporation – previously conducted a non-binding open season for a reversed Capline system in the fourth quarter of 2017, which generated shipper interest.

Phase I reversal engineering studies have been completed. Subject to the results of the binding open season and regulatory approvals, crude oil service is expected to commence in the third quarter of 2020.

Original source can be found here.

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