Hess to partner with Global Infrastructure Partners
USA The partnership will then file for an initial public offering in the third quarter of 2015.
Assets to be included in the joint venture are a natural gas processing plant, a crude oil truck, a pipeline terminal and a rail-loading terminal in North Dakota.
Hess will retain control of all asset operations and predicts that net income for the partnership will reach $155 million for the year ending in March 2016. Capital expenditures could go up to $350 million.
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