Phillips 66 agreed to acquire EPIC NGL, an owner of natural gas liquids pipelines, for $2.2 billion in cash as it moves to expand its transport business in the Permian basin in the southwestern US.
The U.S. is the world's largest exporter of propane, a liquefied petroleum gas used as a petrochemical feedstock and for space heating and cooking, public transport and crop drying. As output rose to ...
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