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Merey Sweeny L.P

Company Summary


Merey Sweeny L.P. owns and operates delayed Coker and related facilities Sweeny, Texas. It also produces Fuel-grade petroleum coke. The company was incorporated in 1998 and is based in Sweeny, Texas. Merey Sweeny L.P. operates as a subsidiary of Phillips 66.

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Company Transactions

Date: 10/2/2017
Type: Acquisition

Phillips 66 Partners has entered into a deal to acquire a 25% stake in Dakota Access, LLC and Energy Transfer Crude Oil Company and a 100% interest in Merey Sweeny, LP from Phillips 66. The acquisition has a transactional value of $2.4 billion, which includes the assumption of $625 million in Bakken Pipeline debt and $100 million in Merey Sweeny related debt. The deal is set to close in early October 2017.
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