SAN ANTONIO--(BUSINESS WIRE)--Jun. 4, 2014--
NuStar Energy L.P. (NYSE: NS) today announced that it has signed a
long-term lease agreement with Shell Oil Products U.S. for storage at
its Houston (TX) Asphalt terminal. The company also announced a
five-year agreement with HollyFrontier Refining & Marketing, LLC to
lease its Rosario (NM) and Catoosa (OK) asphalt terminals. NuStar
completed the divestiture of its asphalt joint venture operations in
February, but maintained ownership of these three terminals as part of
NuStar’s agreement for the Houston asphalt terminal took effect on May
1, 2014. NuStar’s Houston Asphalt terminal consists of 85,000 barrels of
heated asphalt storage, the Houston Ship Channel barge dock, an
automatic two-bay truck loading rack, two-bay truck offloading racks and
a state-of-the-art Polymer-Modified Asphalt (PMA) mill.
NuStar’s agreement with HollyFrontier in Catoosa, which took effect on
April 1, 2014, enables HollyFrontier to supply PMA and Performance
Graded (PG) asphalts to the mid-continent market. NuStar’s Catoosa
terminal consists of 340,000 barrels of heated asphalt storage, a barge
dock, a four-bay truck loading/unloading rack, rail capabilities, a
certified lab and a state-of-the-art PMA mill. NuStar’s agreement with
HollyFrontier for the Rosario asphalt terminal will commence on July 1,
2014. The Rosario terminal consists of 160,000 barrels of heated asphalt
storage, a two-bay automatic 24/7 truck loading rack, rail capabilities,
warehouse storage and a state-of-the-art PMA mill.
“We are excited to have forged long-term agreements with these asphalt
providers at three of our asphalt terminals,” said Brad Barron,
President and CEO of NuStar Energy. “We are glad that we were able to
retain these terminals after the divestiture of our asphalt joint
venture, and we are pleased to get these facilities leased up so
About NuStar Energy L.P.
NuStar Energy L.P., a publicly traded master limited partnership based
in San Antonio, is one of the largest independent liquids terminal and
pipeline operators in the nation. NuStar currently has 8,643 miles of
pipeline and 87 terminal and storage facilities that store and
distribute crude oil, refined products and specialty liquids. The
partnership’s combined system has approximately 94 million barrels of
storage capacity, and NuStar has operations in the United States,
Canada, Mexico, the Netherlands, including St. Eustatius in the
Caribbean, the United Kingdom and Turkey. For more information, visit
NuStar Energy L.P.’s Web site at www.nustarenergy.com.
Source: NuStar Energy L.P.
NuStar Energy L.P.
Rose Brown, 210-918-2314