Calumet Specialty Products expands crude logistics network

|About: Calumet Specialty Products ... (CLMT)|By:, SA News Editor

Calumet Specialty Products (CLMT) signs a 15-year deal with TexStar Midstream Logistics to build, own and operate a 30K bbl/day crude oil pipeline system to supply at least 10K bbl/day of Eagle Ford crude oil to CLMT's San Antonio, Tex., refinery.

CLMT expects to significantly reduce its cost to transport crude oil to the San Antonio refinery, where it currently receives crude oil deliveries by truck, as a result of the agreement.