Marathon Petroleum last week announced a 2016 capital investment program of $4.2 billion, including $1.5 billion for refining and marketing and $2.2 billion for its pipeline transportation business.
Marathon said the $1.5 billion would include work on the integration of its Galveston Bay and Texas City, Texas, refineries. The company is set to invest $2 billion on the project — which will increase overall crude capacity and distillate and gas oil recovery and improve reliability — through 2020.
MPLX — Marathon’s midstream master limited partnership — will spend $1.7 billion to expand its natural gas and gas liquids infrastructure to serve customers in the Southwest and the Marcellus and Utica shales.
Marathon also announced the completion of the merger between MPLX and MarkWest Energy Partners.
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