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NuStar Energy L.P. (NYSE: NS)

NS (”NuStar Energy”) has previously reported that it has entered into a long-term Pipeline and Terminal Services Agreement with ConocoPhillips that will allow expansion of NuStar’s South Texas Crude Oil Pipeline System. The agreement will include a pipeline expansion project for NuStar that will allow NuStar to serve ConocoPhillips’ growing production in the Eagle Ford Shale play, and new pipeline and terminal facilities will provide Eagle Ford producers with a cost-effective transportation alternative for their growing production.

A new NuStar pipeline will originate at a 100,000 barrel NuStar terminal to be constructed near Pawnee, Texas, and will connect to NuStar’s existing 12-inch pipeline system between Pettus, Texas and Three Rivers, Texas. NS (”NuStar Energy”) will connect its existing 12-inch pipeline to its Oakville, Texas Terminal for crude delivery to the NuStar North Beach Terminal. The crude will be transported to Corpus Christi via NuStar’s existing 16-inch pipeline, and via new pipeline connections that will be built to Corpus Christi refineries. NuStar will also provide truck-receiving facilities at the new terminal near Pawnee, Texas and at its recently completed terminal in Oakville.

In addition, NS (”NuStar Energy”) is already constructing a new ship dock in Corpus Christi that will support the North Beach Terminal under a long-term lease with the Port of Corpus Christi. The private dock facility and refinery connections will enable NuStar to continue to expand its pipeline systems to meet the production growth taking place in South Texas. The pipeline expansion project will be completed during the fourth quarter of 2013, while the new dock facilities are expected to be complete in the first quarter of 2014.