06 November 2013 14:13 [Source: ICIS news]
HOUSTON (ICIS)--Calumet is expanding its crude oil logistics system to supply crude from ?xml:namespace>
Calumet said that it sealed a 15-year deal with midstream logistics firm TexStar under which TexStar will construct, own and operate a 30,000 bbl/day crude oil pipeline system “that will supply significant volumes of Eagle Ford crude oil to Calumet's San Antonio, Texas, refinery.”
The 50-mile (80-km) pipeline will supply "at least" 10,000 bbl/day of Eagle Ford crude oil to Calumet's Elmendorf terminal, which is a key supply hub for the
Calumet said that the pipeline would significantly reduce its cost to transport crude oil to the
The pipeline is expected to come into service in the fourth quarter of 2014. Financial terms were not disclosed.
"We expect this agreement will help to further improve the long-term profitability of our
"By year-end 2014, the refinery will begin receiving significant volumes of Eagle Ford crude oil via the TexStar line, thereby enabling us to realise significant transportation cost savings on our delivered feedstock," Straumins said.
She added that Calumet expects to complete an expansion of a crude unit at the
Also, Calumet recently completed a project that allows the
“These projects, in concert with our ongoing efforts to source increased volumes of cost-advantaged Eagle Ford crude oil, should serve to greatly enhance the financial performance of the
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