RCA approves 3 percent pipeline ownership transfer from BP to PhillipsThe Regulatory Commission of Alaska has approved the transfer of a 3.0845 percent interest in trans-Alaska oil pipeline assets and terminal tankage from BP Pipelines (Alaska) Inc. to Phillips Transportation Alaska Inc. Kristen Nelson
The RCA order of Oct. 15 also amends certificates of public convenience and necessity.
After the transaction, BP will own 46.9263 percent of pipeline assets and 46.0955 percent of terminal tankage; Phillips will own 26.7953 percent of pipeline assets and 25.774 percent of terminal tankage.
The RCA....
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $59 per year.
Subscribers log in here to read the entire newspaper (1998 to 04/21/2012)
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
circulation@PetroleumNews.com --- http://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2011 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.
| 
