Welspun awarded $47 million contract for Diamond Pipeline

By The Associated Press

Welspun Tubular says it's received a $47 million order to help build a 440-mile pipeline that will carry oil from Cushing, Oklahoma, to Memphis, Tennessee.

 

LITTLE ROCK, Ark. (AP) — Welspun Tubular says it's received a $47 million order to help build a 440-mile pipeline that will carry oil from Cushing, Oklahoma, to Memphis, Tennessee.

Welspun and Diamond Pipeline LLC say the order accounts for approximately two-thirds of the pipe needed to build the Diamond Pipeline.

The $900 million pipeline will be capable of transporting 200,000 barrels per day of domestic crude oil from the storage hub in Cushing to Valero's refinery in Memphis. Diamond Pipeline LLC is a joint venture between Plains All American Pipeline and Valero. Welspun Tubular has manufacturing facilities near the Little Rock Port.

The pipeline is expected to be complete next year.

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