Enbridge-Marathon venture buys interest in Bakken Pipeline

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MarEn Bakken Co. LLC—an entity jointly owned by Enbridge Energy Partners LP and Marathon Petroleum Corp.—has agreed to acquire from Energy Transfer Partners LP (ETP) and Sunoco Logistics Partners LP a 36.75% interest in the Bakken Pipeline project for $2 billion. The Bakken system includes the Dakota Access pipeline and the Energy Transfer Crude Oil (ETCO) pipeline.

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