BP Becomes 100% Owner of Olympic Pipe Line.RENTON Renton, city (1990 pop. 41,688), King co., W Wash., an industrial suburb of Seattle, on Lake Washington; inc. 1901. It is a freshwater port of entry via the Lake Washington Ship Canal. Its first important industries were coal mining, lumbering, and brickmaking. , Wash. -- BP, operator of Olympic Pipe Line, announced today that it has purchased the balance of shares of the pipeline from Shell Pipeline Company LP to become the 100% owner. BP retains complete operatorship of the pipeline, as it does today. "The day-to-day operations of the Olympic pipeline will continue unchanged," said Chris Maudlin maud·lin adj. Effusively or tearfully sentimental: "displayed an almost maudlin concern for the welfare of animals" Aldous Huxley. See Synonyms at sentimental. , Olympic's President. "BP will continue to operate the pipeline, and safety remains our top priority." Olympic plays a major role in the transportation infrastructure of the West, supplying up to 325 thousand barrels of fuel per day for the citizens of Seattle and other metropolitan areas up and down the I-5 corridor I-5 Corridor can refer to the following:
as well. The pipeline industry is regulated by the U.S. Department of Transportation's Office of Pipeline Safety. BP Pipelines (North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ) adheres to the highest standards of safety and has taken comprehensive steps to meet and exceed current state and federal pipeline safety and environmental regulations. |
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