Sunoco Logistics Partners LP has completed the purchase of a 50% interest in a refined products terminal in Syracuse NY from Mobil Pipe Line Co, an affiliate of Exxon Mobil Corp. Total terminal storage is approximately 550,000 barrels.
Headquartered in Philadelphia PA, Sunoco Logistics Partners is a master limited partnership formed to acquire, own, and operate refined product and crude oil pipelines and terminal facilities, including those of Sunoco Inc. The Eastern Pipeline System consists of about 1,800 miles of primarily refined product pipelines and interests in four refined products pipelines, consisting of a 9.4 percent interest in Explorer Pipeline Co, a 31.5 percent interest in Wolverine Pipe Line Co, a 12.3 percent interest in West Shore Pipe Line Co, and a 14.0 percent interest in Yellowstone Pipe Line Co.
The terminal facilities consist of 8.9 million barrels of refined product terminal capacity and 20.4 million barrels of crude oil terminal capacity (including 13.5 million barrels of capacity at the Texas Gulf Coast Nederland Terminal). The Western Pipeline System consists of about 3,700 miles of crude oil pipelines, located mainly in Oklahoma and Texas, a 55.3 percent interest in the Mid-Valley Pipeline Co, and a 43.8 percent interest in the West Texas Gulf Pipe Line Co.