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Phillips 66 Signs Deals to Boost Oil Deliveries by Pipe, Rail

2013-03-20 08:40:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Phillips 66 (PSX) will increase deliveries of cheaper crudes to its refineries nationwide by as much as 130,000 barrels a day under three transportation deals and a new investment. The steps announced by the company today are the latest in a series of moves by Phillips to take advantage of rising North American oil production, following rail-car and tanker-ship orders and a 50,000-barrel-a-day deal with Global Partners LP. (GLP) It solidifies the idea that if youre a refinery bringing in...

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