MPLX's Marathon Pipe Line unit to raise Patoka tank farm shell capacity

• MPLX +4.8% AH following the disclosure that its Marathon Pipe Line unit has amended its existing Patoka, Ill., tank farm storage services agreement with Marathon Petroleum (NYSE:MPC) to increase available shell capacity to 2.626M barrels from 1.386M barrels due to the addition of four new tanks at the facility.
• Under the agreement, MPC pays a monthly fee to store crude oil at the Patoka tank farm, regardless of whether all contractual capacity is fully utilized.