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...The Obama administration and Pennsylvania’s elected officials helped arrange the deal with Carlyle, which took a 66 per cent stake in the company alongside Sunoco....
...Other companies involved in the pipeline such as Sunoco Logistics, Enbridge Energy Partners, Philips 66 and Marathon Petroleum were classed as “severe” on the controversy assessment level....
...Joy was thus unconfined among shareholders at Sunoco LP as the US energy partnership on Thursday sold most of its convenience store business to Japan’s 7-Eleven Inc for $3.3bn....
...Energy Transfer Partners and Sunoco Logistics Partners, the companies leading the $3.8bn project, said in a statement that the move to block Dakota Access was a “purely political decision” on the part of...
...Sunoco Logistics did not respond to a request for comment....
...The numbers were made to add up by selling the Sunoco retail business to its affiliate Sunoco LP for $2.2bn, and by issuing units worth $1.1bn....
...ETP owns 100 per cent of the incentive distribution rights of Sunoco Logistics, which is separately quoted, and in Sunoco, which is separately quoted....
...Now, 150 people work there again after owner Sunoco Logistics completed the first of two Mariner East pipeline projects to bring propane, ethane and other natural gas liquids from inland shale regions to...
...Sunoco was advised by Credit Suisse....
...Energy Transfer Partners will buy Sunoco for $5.3bn, in another sign of the changes being brought by the boom in US oil production....
...For Sunoco Logistics, which has 4,900 miles of crude pipelines, profit in a business that buys and sells oil soared 281 per cent to $137m....
...The offer for Sunoco is roughly split between cash and future shares in ETP for Sunoco investors who will retain a 20 per cent stake in the company....
...JPMorgan Chase this month agreed to supply crude to, and purchase fuels from, the biggest refinery on the US east coast as the refinery was sold to a joint venture of Carlyle Group and former owner Sunoco...
...Shell’s loss was Sunoco’s gain....
...Nymex crude closed below $70 a barrel for the first time in more than two months, sending Sunoco down 1.3 per cent to $74.90 and Murphy Oil 1.5 per cent lower to $49.07....
...Sunoco, the oil and gas group, advanced 2.5 per cent to $102.07. Outside the energy sector, Apple Computer rose 2.6 per cent to $42.25 after an upgrade by Goldman Sachs....
...Fellow refiners Holly, Tesoro, Frontier Oil and Sunoco have all seen their shares double this year....
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