Company Developing Plans For Another Private Marine Loading Dock
New Dock Would Provide NuStar With Access To Four Loading Docks,
Including Two Private Docks
SAN ANTONIO--(BUSINESS WIRE)--Jul. 21, 2015--
The Port of Corpus Christi today approved a lease
for NuStar Energy L.P. (NYSE: NS), which would give NuStar the space to
develop another private marine loading dock at its North Beach Terminal
in Corpus Christi, Texas. NuStar is developing plans for the new dock
and hopes it will be completed in the second quarter of 2017. It will be
designed to load Suezmax-class vessels (which carry approximately one
million barrels) at rates up to 30,000 barrels per hour and the ability
to expand to 50,000 barrels per hour.
Some of the features expected as a part of this project include a new
pile-supported dock, a state-of-the-art metering system, vapor control
system, and a dock structure with three loading arms.
With this new dock, NuStar would have access to four loading docks in
the Port of Corpus Christi, including two private docks, and would be
able to load crude oil onto ships simultaneously on all four docks at a
maximum rate of 90,000 barrels per hour.
“The addition of this new dock further expands our premiere position in
the highly desirable Corpus Christi ship channel and is an important
part of our ongoing commitment to provide our customers with more
options to move barrels of Eagle Ford crude oil,” said NuStar President
and CEO Brad Barron.
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 8,651 miles of
pipeline and 80 terminal and storage facilities that store and
distribute crude oil, refined products and specialty liquids. The
partnership’s combined system has approximately 93 million barrels of
storage capacity, and NuStar has operations in the United States,
Canada, Mexico, the Netherlands, including St. Eustatius in the
Caribbean, and the United Kingdom. For more information, visit NuStar
Energy L.P.'s Web site at www.nustarenergy.com.
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Source: NuStar Energy L.P.
NuStar Energy, L.P., San Antonio
Investors, Chris Russell,
Treasurer and Vice President Investor Relations
Chris Cho, 210-918-3953