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Announced

CENTURION PIPELINE LP / LOTUS MIDSTREAM / OCCIDENTAL PETROLEUM / Acquisition / Private

Synopsis

Crude oil logistics provider Lotus Midstream, LLC announced it has entered into a definitive agreement to acquire the Centurion pipeline system and a Southeast New Mexico crude oil gathering system from Occidental Petroleum Corporation. The transaction is expected to close later in the third quarter of 2018, subject to customary closing conditions.

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