Conoco Mulling Selling its Rex Stake

摘要

ConocoPhillips may decide to sell its stake in the Rockies Express (Rex) Pipeline project as part of the US major's plans to divest $10 billion of its assets, a company official said last week.Rex is a recently-completed, 1,700-mile pipeline running from Meeker, Colorado, to Clarington, Ohio. The last leg of the pipeline went into service in mid-November (NGW Nov. 16,p10).