The Zhitong Finance App learned that, according to people familiar with the matter, Shell (SHEL.US) and Phillips 66 (PSX.US) are planning to sell their shares in the US Explorer Refined Oil Pipeline Company. The pipeline is an important part of America's energy infrastructure, and the deal is expected to value it overall at around $3.5 billion.

The Zhitong Finance App learned that, according to people familiar with the matter, Shell (SHEL.US) and Phillips 66 (PSX.US) are planning to sell their shares in the US Explorer Refined Oil Pipeline Company. The pipeline is an important part of America's energy infrastructure, and the deal is expected to value it overall at around $3.5 billion.