COMPANY ADDRESS
SUNOCO LOGISTICS PARTNERS L.P. COMMON UNITS REP Ltd PARTNER INT.
1818 Market Street
Philadelphia, PA 19103
USA - Map
Phone: +1 866 248-4344
Website
COMPANY INFORMATION
Exchange: New York Stock Exchange
Stock: Sunoco Logistics Partners
Industry: Oil & Gas Midstream
Employees: NA
DESCRIPTION
Sunoco Logistics Partners is a Delaware limited partnership. The Company is engaged in the transport, terminalling and storage of crude oil and refined products. In addition to logistics services, it also own acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil and refined products. Its portfolio of geographically diverse assets earns revenues in 30 states located throughout the United States. The Company’s reporting segments are: Refined Products Pipelines, Terminal Facilities, Crude Oil Pipelines and Crude Oil Acquisition and Marketing. Prior to this date, the former Crude Oil Pipelines segment included both crude oil pipeline and crude oil acquisition and marketing operations. The Refined Products Pipelines serve Sunoco and other third parties and consists of approximately 2,500 miles of refined product pipelines, including a two-thirds undivided interest in the Harbor pipeline and joint venture interests in four refined products pipelines in selected areas of the United States. The Terminal Facilities consist of 41 active refined product terminals with an aggregate storage capacity of 8 million barrels, which provide storage, terminalling, blending and other ancillary services primarily to its Refined Products Pipelines; the Nederland Terminal, a 22 million barrel marine crude oil terminal on the Texas Gulf Coast; a 2 million barrel refined product terminal that previously served Sunoco’s Marcus Hook refinery near Philadelphia, Pennsylvania; one inland and two marine crude oil terminals with a combined capacity of 3 million barrels, and related pipelines, which serve Sunoco’s Philadelphia refinery; the Eagle Point terminal, a 5 million barrel refined product and crude oil terminal and dock facility; and a 1 million barrel liquefied petroleum gas (LPG) terminal near Detroit, Michigan. The Crude Oil Pipelines transport crude oil principally in Oklahoma and Texas. The segment consists of approximately 4,900 miles of crude oil trunk pipelines The Crude Oil Acquisition and Marketing business gathers, purchases, markets and sells crude oil using approximately 200 crude oil transport trucks and approximately 120 crude oil truck unloading facilities. The Company’s business strategies focus on generating stable cash flows, increasing pipeline and terminal throughput, utilizing its crude oil gathering assets to maximize value for producers, pursuing strategic and accretive acquisitions that provide organic growth opportunities that will complement its existing asset base and improving operating efficiencies. Gulf Coast refinery expansions could justify the construction of a new pipeline that would compete with the Company’s refined product pipeline system in the southwest. However, at this time, the Company believes the existing pipelines have the capacity to satisfy expected future demand. In addition to competition from other pipelines, it faces competition from trucks that deliver refined products in a number of areas that it serves. The Company’s operations are subject to complex federal, state, and local laws and regulations relating to the protection of health and the environment, including laws and regulations which govern the handling and release of crude oil and other liquid hydrocarbon materials.
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