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Enbridge Advances its U.S. Gulf Coast Oil Strategy through Increased Ownership in Gray Oak Pipeline

PR Newswire - Wed Aug 17, 2022

CALGARY, AB, Aug. 17, 2022 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced it has completed a joint venture merger transaction with Phillips 66 (P66) resulting in a single joint venture holding both Enbridge's and P66's indirect ownership interests in Gray Oak Pipeline, LLC (Gray Oak) and DCP Midstream LP (DCP) and an agreement to realign their respective economic and governance interests in the underlying business operations.

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