USD Partners announces second contract extension at Hardisty terminal
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
USD Partners LP has announced that it has entered into a four-year extension with Cenovus Energy Inc., increasing its previous position from 7% to 25% of the Hardisty terminal’s capacity.
The renewal contains consistent take-or-pay terms with minimum monthly payments and rates that exceed those of the original terminalling services agreement with the customer.
The Hardisty terminal is located in Alberta, Canada.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/27092018/usd-partners-announces-second-contract-extension-at-hardisty-terminal/
You might also like
Low US distillate consumption reflects slow economic activity and biofuel substitution
The EIA reports that US distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the US West Coast (PADD 5).