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Article: Blue Dolphin Increases Its Interest in the Blue Dolphin Pipeline System.
- Article from:
- PR Newswire
- Article date:
- February 28, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON -- Blue Dolphin Energy Company announced that it acquired an additional 1/3 interest in the Blue Dolphin Pipeline System, which it operates, from MCNIC Pipeline & Processing Company ("MCNIC"), a business unit of DTE Energy Company . As a result of this transaction Blue Dolphin holds an 83% interest in the Blue Dolphin Pipeline System.
The Blue Dolphin Pipeline System is a natural gas and condensate-gathering pipeline with related shore facilities servicing the Galveston Area, offshore Texas, with transportation capacity of 160 Mmcf/d and 7,000 Bpd of condensate. Present throughput is approximately 20 Mmcf/d and 100 Bpd of condensate. The line extends ...