Sunoco Logistics Partners L.P. Signs Agreement to Acquire Michigan Refined Products Terminal
08.18.2009 - NEWS
Sunoco Logistics Partners L.P. (NYSE: SXL) (the "Partnership") today announced that it has signed a definitive agreement to purchase a refined products terminal located in Romulus, Michigan from R.K.A. Petroleum LLC. The terminal, with storage capacity of approximately 350,000 shell barrels, services the Detroit metropolitan area and is connected to the Partnership's pipeline system. The acquisition will provide additional flexibility for customer shipments. The transaction is subject to normal closing conditions for assets of this nature. Closing is expected to occur within the next 60 days.

Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Philadelphia, is a master limited partnership formed to acquire, own and operate refined product and crude oil pipelines and terminal facilities. The Refined Products Pipeline System consists of approximately 2,200 miles of refined product pipelines located in the Northeastern and Midwestern United States, the recently acquired MagTex Pipeline System, and interests in four refined products pipelines, consisting of a 9.4 percent interest in Explorer Pipeline Company, a 31.5 percent interest in Wolverine Pipe Line Company, a 12.3 percent interest in West Shore Pipe Line Company and a 14.0 percent interest in Yellowstone Pipe Line Company. The Terminal Facilities consist of approximately 9.7 million shell barrels of refined products terminal capacity and approximately 21.2 million shell barrels of crude oil terminal capacity (including approximately 17.8 million shell barrels of capacity at the Texas Gulf Coast Nederland Terminal). The Crude Oil Pipeline System consists of approximately 3,800 miles of crude oil pipelines, located principally in Oklahoma and Texas, a 55.3 percent interest in Mid-Valley Pipeline Company, a 43.8 percent interest in the West Texas Gulf Pipe Line Company and a 37.0 percent interest in the Mesa Pipe Line System.

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