CVR Refining plans to sell its Cushing, Oklahoma crude oil tank terminal and is considering bids from potential purchasers.
The 1.5 million-barrel crude oil storage facility sits on a 130-acre parcel of land and includes six storage tanks, each with the capacity to hold 250,000 barrels of crude oil.
The land the facility sits on has sufficient acreage for 12 additional tanks of a similar size. The assets for sale include a truck unloading facility with a lease automatic custody transfer unit and four 400-barrel tanks.
The facility provides connectivity to other Cushing terminals and pipelines.
Vopak's smart Singapore tank terminalsWhat keeps Singaporean storage operators awake? Australia's LNG imports lead to storage questions Developing a sustainable terminal for the future Renewed EU strategy for the tank storage sector IMO 2020: it may be too late to invest Impact and opportunities of a decarbonised energy system A chemical gateway for Spain Capitalising on a niche storage opportunity The 12-year evolution of REACH