Buckeye increased its ownership interest to 34.6% from 24.9%.
West Shore is a 650-mile common carrier petroleum pipeline system that originates in the greater Chicago area and transports refined petroleum products to northern Illinois and Wisconsin including the Madison and Green Bay, Wis., metropolitan markets. Buckeye has been the operator of the West Shore system since January 2009.
Buckeye Partners is a publicly traded partnership that owns and operates one of the largest independent refined petroleum products pipeline systems in the United States in terms of volumes delivered, with about 5,400 miles of pipeline.
Buckeye also owns 67 refined-petroleum products terminals, operates and maintains about 2,400 miles of pipeline under agreements with major oil and chemical companies, owns a major natural gas storage facility in northern California, and markets refined petroleum products in certain of the geographic areas served by its pipeline and terminal operations.
Buckeye buys additional stake in West Shore fuel pipeline from BP
08.04.2010 - NEWS
August 4, 2010 [Opis] - Buckeye Partners said on Tuesday that it has exercised its right to purchase an additional interest in West Shore Pipe Line Company from an affiliate of BP plc for $13.4 million.