Plains All American Pipeline - Strengthening Its Assets Portfolio
- Plains All American Pipeline is targeting multiple geographic resource plays with its strategically allocated capital spending budget.
- The company recently announced the construction of the Diamond Pipeline. The pipeline will have the capacity to transport up to 200,000 barrels per day.
- In addition, in December 2013, the partnership announced it would invest in different pipeline projects in the Permian Basin.
- The partnership is all set to benefit in the long term with the strengthening of its existing pipeline infrastructure and fee-based business model.