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Global Partners LP and Phillips 66 Sign Long-Term Crude Transportation and Logistics Contract


Tuesday, 8 Jan 2013 09:00am EST 

Global Partners LP announced that it has signed a five-year contract with Phillips 66 under which Global will use its rail transloading, logistics and transportation system to deliver crude oil from the Bakken region of North Dakota to Phillips 66's Bayway, NJ refinery. The terms of the contract include a take-or-pay commitment from Phillips 66 to receive approximately 91 million barrels of crude oil over the contract term, which equates to approximately 50,000 barrels per day. 

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44.25
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11:13am EDT