ExxonMobil Invests in Bahia NGL Pipeline

ExxonMobil to Acquire 40% Stake in Bahia NGL Pipeline: A Strategic Move to Boost Permian Basin InfrastructureExxonMobil is set to acquire a 40% share in the Bahia NGL pipeline, owned by Enterprise Products Partners, to strengthen infrastructure for transporting natural gas liquids from the Permian Basin. The deal, pending regulatory approvals, will initially move 600,000 barrels per day and expand to 1 million barrels by 2027, connecting to ExxonMobils Cowboy plant and several Enterprise processing facilities.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.