(AP) – Welspun Tubular says it’s received a $47 million order to help build a 440-mile pipeline that will carry oil from Cushing, OK, to Memphis, TN.
Welspun and Diamond Pipeline LLC say the order accounts for approximately two-thirds of the pipe needed to build the Diamond Pipeline.
The $900 million pipeline will be capable of transporting 200,000 bpd of domestic crude oil from the storage hub in Cushing to Valero’s refinery in Memphis. Diamond Pipeline LLC is a joint venture between Plains All American Pipeline and Valero. Welspun Tubular has manufacturing facilities near the Little Rock Port.