The company has announced the beginning of preconstruction work for its phase III oil storage terminals and refinery.
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The combination will result in CA$1.2 billion in cost and capital synergies, enhance free funds flow generation and support investment grade credit profile.
Adams Resources & Energy Inc. has completed the acquisition of the Victoria Express Pipeline (VEX) in Texas, US.
The companies have concluded a new contract on crude oil storage from November 2020 until April 2021.