INEOS to acquire the North Sea Forties Pipeline System and Kinneil terminal from BP for $250m
03 Apr 2017
INEOS now responsible for a strategic UK asset that delivers almost 40% of the UK’s North Sea oil and gas.
20% of the oil that passes down the pipeline feeds the INEOS refinery to provide 80% of Scotland’s fuel.
Jim Ratcliffe Chairman and founder of INEOS says, “This is another very signific