BP PLC is creating an MLP for its Midwest and Gulf Coast pipelines, potentially resulting in one of the biggest IPOs of the year. The company and its underwriters have retained advisors for the creation of BP Midstream Partners. BP’s US pipeline business includes 3,500 miles of pipelines and terminal facilities with 1.3 MMbbl/d per day of oil, refined products and natural gas. The new BP MLP would buck a small trend just recently manifesting......
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