Sunoco Logistics acquires Columbus terminal
Dec 6, 2004 7:14 AM
Sunoco Logistics Partners LP, Philadelphia PA, has completed the $8-million acquisition of the 160,000-barrel (4.725 million gallons) refined products terminal located in Columbus OH.
Sunoco Logistics Partners LP was formed to acquire, own, and operate substantially all of Sunoco Inc's refined product and crude oil pipelines and terminal facilities.
The eastern pipeline system consists of approximately 1,900 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 percent interest in the Yellowstone Pipe Line Company.
The terminal facilities include 8.9 million barrels of refined product terminal capacity and 16 million barrels of crude oil terminal capacity (including 12.5 million barrels of capacity at the Texas Gulf Coast Nederland terminal). The Western Pipeline System consists of approximately 2,700 miles of crude oil pipelines, located principally in Oklahoma and Texas, and a 43.8 percent interest in the West Texas Gulf Pipe Line Company.
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