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Home News Aberdeen & Aberdeenshire

Ineos investment a show of faith in North Sea’s future

By Mark Lammey
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Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders.

FPS currently transports more than 400,000 barrels of North Sea oil to shore every day, but has a capacity of 600,000.

Ineos bought the pipeline system from BP for £190 million in October 2017.

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