Lease Agreement Will Give NuStar Additional Revenue from Asphalt Refineries
SAN ANTONIO--(BUSINESS WIRE)--Jun. 5, 2009--
NuStar Energy L.P. (NYSE: NS) announced today the addition of three new
asphalt terminals to its network of operations. The terminals, leased
from subsidiaries of SemGroup Energy Partners, L.P. (SGLP.PK), are
located in Saginaw, TX; Gloucester City, NJ; and Newport News, VA, and
will contribute an additional 1.5 million barrels of storage capacity to
the company’s asphalt operations.
“We’re excited to reach this agreement with SemGroup as it will give us
the opportunity to generate additional sales from the asphalt produced
at our Paulsboro and Savannah refineries,” said Curt Anastasio, NuStar
President & CEO. “It’s also beneficial to our customers because they
will have greater access to a wide variety of locations and products.”
About NuStar Energy L.P.
NuStar Energy L.P. is a publicly traded, limited partnership based in
San Antonio, with 8,491 miles of pipeline, 82 terminal facilities, four
crude oil storage tank facilities and two asphalt refineries with a
combined throughput capacity of 104,000 barrels per day. One of the
largest asphalt refiners and marketers in the U.S. and the second
largest independent liquids terminal operator in the nation, NuStar has
operations in the United States, the Netherlands Antilles, Canada,
Mexico, the Netherlands and the United Kingdom. The partnership's
combined system has over 91 million barrels of storage capacity, and
includes two asphalt refineries, crude oil and refined product
pipelines, refined product terminals, a petroleum and specialty liquids
storage and terminaling business, as well as crude oil storage
facilities. For more information, visit NuStar Energy L.P.'s Web site at www.nustarenergy.com.
SGLP owns and operates a diversified portfolio of complementary
midstream energy assets consisting of approximately 8.2 million barrels
of crude oil storage located in Oklahoma and Texas, approximately 6.8
million barrels of which are located at the Cushing, Oklahoma
interchange, approximately 1,150 miles of crude oil pipeline located
primarily in Oklahoma and Texas, over 200 crude oil transportation and
oilfield services vehicles deployed in Kansas, Colorado, New Mexico,
Oklahoma and Texas and approximately 7.4 million barrels of combined
asphalt and residual fuel storage located at 46 terminals in 23 states.
SGLP provides crude oil and liquid asphalt cement terminalling and
storage services and crude oil gathering and transportation services.
SGLP is based in Tulsa, Oklahoma. For more information, visit SGLP’s Web
site at www.SGLP.com.
Source: NuStar Energy L.P.
NuStar Energy, L.P., San Antonio
Investors, Mark Meador, Vice
Investor Relations: 210-918-2895
Mary Rose Brown, Senior Vice President,
Web site: http://www.nustarenergy.com