Sunoco teams with Vitol on Permian Basin pipeline build-out

|About: Sunoco Logistics Partners, ... (SXL)|By:, SA News Editor

Sunoco Logistics Partners (SXL) is working with Swiss oil trader Vitol to expand pipeline capacity for shipping Permian Basin crude output to the Gulf Coast.

The two companies formed a 50-50 venture to build a new crude oil pipeline from the Permian oil storage hub in Midland to Garden City, Tex., where it will connect into SXL's Permian Express 2 line, according to its 10-K filing.

SXL also confirmed it had successfully completed an open season during Q4 for the Permian Express 2, which will carry ~200K bbl/day from multiple areas in the Permian ~300 miles to the coast.