NuStar Energy (NS +0.9%) agrees to sell its 14.5K bbl/day San Antonio refinery and a related...

|About: NuStar Energy L.P. (NS)|By:, SA News Editor

NuStar Energy (NS +0.9%) agrees to sell its 14.5K bbl/day San Antonio refinery and a related terminal in Elmendorf, Tex., to Calumet Specialty Products Partners (CLMT -0.2%) for $100M plus ~$15M of inventory. The sale is part of NS' plan to shift away from the margin-based refining and marketing business to further grow its fee-based pipeline and storage operations.