Phillips 66 has approved two projects to enhance its midstream capabilities in the Permian basin and US Gulf Coast. The projects include the construction of a 300-MMcfd gas processing plant and a 45-mile pipeline in the Permian, as well as a third fractionator at the Coastal Bend operations with a capacity of 100,000 b/d. Both projects are scheduled to start in 2028 and are part of a broader strategy to support growing production and improve infrastructure.
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