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Philips 66 (NYSE:PSX) Acquiring Gulf Coast Crude Terminal

Boston, MA 06/13/2014 (wallstreetpr) – Reports indicate that, independent refiner, Philips 66 (NYSE:PSX), is in the process of acquiring 7.1 million barrel storage terminal at Beaumont Texas; this is part of the company’s strategy to beef up its logistics and transportation assets. The facility is currently owned by Chevron Corporation (NYSE:CVX), 96KM away from Philips […]