Marathon CEO reveals to Reuters that Capline pipeline reversal likely when oil prices recover | Reuters News Agency

Marathon CEO reveals to Reuters that Capline pipeline reversal likely when oil prices recover

In an exclusive interview with Reuters, Marathon Petroleum’s Chief Executive Gary Heminger said that the nation’s largest crude pipeline Capline likely will be reversed to move heavy Canadian crude south to Louisiana after oil prices recover from the deepest rout in a generation. "It will probably be the latter part of this decade before that happens, but we have a great asset here that will be reversed someday," Heminger said.

Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas
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