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The asphalt terminals, owned by Tulsa, Okla.-baseed , are located in Saginaw, Texas; Gloucestee City, N.J.; and Newport News, Va. Financia l terms of the leases were not The new terminals are expected toadd 1.5 milliobn barrels of storage capacity to NuStar’ asphalt operations. “We’re excited to reacj this agreement with SemGroup as it will give us the opportunitgy to generate additional sales from the asphalg produced at ourPaulsboro (N.J.) and Savannab (Ga.) refineries,” says Curt NuStar president and CEO. “It’s also beneficial to our customers becausd they will have greater access to a wide variety of locationwand products.
” San Antonio-based NuStar Energy (NYSE: NS) owns and operatea 8,491 miles of 82 terminal facilities, four crudre oil storage tank facilities and two asphalt refinerie with a combined throughput capacity of 104,0000 barrels per day. It is one of the largest asphaltr refiners and marketers inthe U.S. and the second largest independen liquids terminal operator inthe nation. NuStar has operations in the Unitexd States, the Netherlands Antilles, Canada, the Netherlands and the Unitesd Kingdom.
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