NuStar Buys Out Refined Products Terminal In New York Harbor

摘要

NuStar Energy LP (NYSE: NS) said Jan. 9 that it has acquired full ownership of a refined products terminal in Linden, N.J., which is located in the New York Harbor. NuStar, based in San Antonio, had 50% ownership of the facility. NuStar purchased the remaining ownership interest from Linden Holding Corp., a subsidiary of NIC Holding Corp., for $142.5 million. NuStar owns 82 terminals and has been active in South Texas in the Eagle Ford Shale. In 2012, the company acquired five storage terminals and 140 miles of crude transmission and gathering lines in the Eagle Ford for about $325 million. The company has reactivated, reversed and constructed new pipelines to serve the area.