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Arbo Press

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https://www.goarbo.com/press/sunoco-nustar-pipeline-merger
February 6, 2024

Sunoco Deal Offers Playbook for US Pipeline Sector

Sunoco LP, one of the oldest US gas-station owners, agreed last month to buy NuStar Energy LP for about $6.5 billion in stock, giving it control of a sprawling network of pipelines, terminals and other infrastructure crucial to its own supply chain. The industry appears ripe for similar deals, said Tom Sharp of the research company Arbo. “In the US, it’s very difficult for upstream, midstream, or downstream players to ...