Sunoco has been selling refineries to concentrate on retail sales, but its Sunoco Logistics pipeline and terminal affiliate is growing. The company said today it has borrowed around $100 million to buy a controlling interest in Inland Corp. and 350 miles of "refined products pipeline and related facilities," boosting Sunoco Logistics' refined-products network to over 2,000 miles, not counting 5,000-plus miles of crude oil pipelines. Statement here.
Sunoco Logistics: $100M to add Midwest pipelines
Sunoco has bought control of Inland Corp. and 350 miles of Ohio pipelines