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Global, Phillips 66 ink billion-dollar deal

GLOBAL Partners LP has signed a five-year contract worth an estimated $1 billion with Phillips 66, in which Global will use its rail transloading, logistics and transportation system to move crude oil.

Bianca Bartucciotto

Global, Phillips 66 ink billion-dollar deal

The oil will be taken from the Bakken region of North Dakota to Phillips 66's Bayway, New Jersey refinery. Ninety-one million barrels of crude oil will be delivered throughout the contract, equating...

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