Refined-products terminal operator Valero LP has bought all the shares of Valero Pipeline Corp. for $13 million, according to a filing with the Securities and Exchange Commission.

 
Prior to the deal, Valero Pipeline operated as a wholly owned subsidiary of oil refining and marketing company Valero Energy Corp. (NYSE: VLO) in San Antonio. Valero Pipeline owns a 23.77 percent interest in a 57-mile pipeline system from Patoka, Ill., to Wood River, Ill. With the completion of the transaction, Valero LP now controls those assets.
 
Valero LP (NYSE: VLI) owns 9,186 miles of pipeline, 89 terminal facilities and four crude-oil storage facilities in North America and Europe. The company’s general partnership is controlled by Valero Energy.
 
The transaction was approved by the Conflicts Committee of Valero LP’s general partner on Oct. 26, 2005, the filing says.