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Valero Energy (VLO) and TGS Development form a JV to build a new marine terminal near Port...

Valero Energy (VLO) and TGS Development form a JV to build a new marine terminal near Port Arthur, Tex., to receive crude oil tankers up to Suezmax class and will be able to operate after sundown, unlike other terminals in the area that have daylight restrictions - a combination VLO says will reduce delivered crude costs.
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