Valero energy partners buys pipeline stake

摘要

New York-Valero Energy Partners LP said Thurs- day it has bought a 40% stake in the Hewitt seg- ment of Plains All American’s Red River Pipeline, increasing crude pipeline supply to Valero Ener- gy’s 86,000 b/d Ardmore, Oklahoma, refinery. “This third-party transaction fits the Partnership’s growth strategy, where we focus on acquisitions that are strategic to Valero’s core business or that provide third-party revenue,” Joe Gorder, Valero Energy’s CEO, said in a statement. Valero Energy is the general partner of Valero Energy Partners.