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Shell (SHEL LN) and Phillips 66 (PSX) are working on a potential sale of their stakes in the explorer pipeline; any deal could value the explorer pipeline at around USD 3.5bln

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Shell and Phillips 66 are seeking a sale of their Explorer Pipeline stakes, potentially valuing the asset at $3.5 billion, with Energy Transfer and MPLX potentially joining the divestiture.

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Energy Transfer and MPLX could also join explorer sale efforts, depending on the strength of interest in the Shell and Phillips 66 stakes.

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