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Marathon mulls joining with ExxonMobil, Plains on Permian pipeline

Marathon Petroleum is holding preliminary talks with ExxonMobil and Plains All American Pipeline to join their partnership to build a 1-million-barrel-a-day, oil-and-condensate pipeline from the Permian Basin to the US Gulf Coast that would be in service by early 2021. If an agreement is reached, Marathon would exit the PGC Pipeline, another Permian-to-Gulf Coast pipeline project it's currently pursuing with Delek Group, Energy Transfer Partners and Magellan Midstream Partners.

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